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The MOVE Index Is Back to COVID-High
In 1936 and 1937, the Fed doubled its required reserve ratio from 10 to 20%. So there is precedence for this happening. But how many of our policymakers are aware of that, or are aware of any of what I've just explained about? "As the Fed's losses begin to mount, I think they'll become made aware of this," he says.
IN THIS EPISODE, YOU’LL LEARN:
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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