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The Fed's $3 Trillion Problem | Maroon Macro & Joseph Wang
Forward Guidance
Why Banks Don't Need Reserves to Make Loans
Bruce Maroon macro has prepared some exquisitely complicated charts that I do not understand but I think Joseph the team here at four guys of Joseph and Maroon macro are well prepared to answer that question. We've got a question from Bruce that I think ties on really closely to this question said, we keep hearing banks don't need reserves to make loans. So why does it matter if quantity of reserves in the system decreases as it will during quantitative fighting? Reserves are mostly excess nowadays. Can you explain what's going on? Yeah, so I guess if you throw up maybe the one determinants of balance sheet expansion like like never said, I think that was probably the most relevant for
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