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Surveillance: Fed Outlook with Hatzius

Bloomberg Surveillance

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The History of the Fed Balance

The first and second derivative of the rate change, was truly historic. We never experienced these large scale asset purchases or QE until 2008. I don't think we have any idea how those really affect asset prices or not. The break on boys are in the fairhouse. They're going soft. This is what Governor Youngkin was talking about. Shoots and ladders? Every year, that's what's happening.

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