Joseph Wang on the Fed’s Impact on Money Markets
Macro Musings with David Beckworth
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What Are Your Thoughts on Reforming the US Treasury Market?
I think that's important to stress that this facility, even if you want to call it the China repo facility, this facility is about preserving the US treasury market. We want to keep this market up and running. Do you want the government, US governments to still be able to pay its bills? Do you want to function? I think that's the way you got to sell this. This could be a very delicate issue. And I think how you market it and sell it. Absolutely do. You did a great job doing that. It's truly a pandemic in terms of what we see more frequently than we traded in 2018 and 2019. But maybe nothing would have solved it so quick
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