Do You Think the Fed Is Going to Be Able to Shrink the Balance Sheet?

"I think we're actually in agreement of a lot of the things. Think it's going to be choppy because we just don't know what the fed is going to do, and that is a big unknown," says Lightsteff. "They had a target of forty seven billion for june, and they haven't met their july target", he adds. 'Their big risk is that they overstep and tighten too much'