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Will The Fed Get Their Soft Landing? | Weekly Round Up

Supply Shock

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The Precedent of the Fed's Lending to the Eurodollar System

NB wanted to use the collateral that it had over in its London branch. They wanted the Fed to lend against and indirectly shore up this Eurodollar system. That was a precedent that stood through many other sort of when a US owned bank has a foreign branch Sort of that operates in the Eurodollar system and they got in trouble. The Fed would also help them out.

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