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Joseph Wang & Alex Etra: Trillion-Dollar Liquidity Drain Imminent
Forward Guidance
Introduction
Joseph Wang of FedGuy.com and Alex Etra of a senior macro researcher at X-antee Data are here to talk about the FOMC meeting in two weeks. Joseph was on the trading desk working with the money markets, while Alex spent some time managing foreign central bank reserves for the New York Fed. Jack Treisman: It's been a whirlwind up until future vice chair Jefferson spoke. I think this will ultimately hinge upon what happens with the non-form payrolls, which report tomorrow, Friday. If we get hot payrolls, I think we'll get a June hike. If not, I think it's going to come down to what happens Friday.
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