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Money Supply Is Falling By Most Since Great Depression | Danielle DiMartino Booth
Forward Guidance
The Fed's Forecast for a Mild Recession
In the minutes of the Fed's March meeting, staff said that they were expecting a recession that was mild. "I think that this is code for telling markets that until the unemployment rate is rising and we've seen the unemployment rate be extremely sticky," says Julian Zelizer. The day they meet, it looks like we're probably going to hear about 50 to $60 billion runoff in treasuries off of the Fed’s balance sheet., he adds.
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