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Powell Vs. Everyone With Danielle DiMartino Booth

Lead-Lag Live

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Is Elizabeth Warren Going to Blow Up?

The size of the balance sheet was growing while there was a three month very long lag over which time mortgage backed securities that the Fed had purchased when it was still engaged in quantitative easing settled. So this is extremely bad optics. Theoretically, they can look the papers going to mature, right? Again, you could tell me it was 50 trillion. If there's an accounting maneuver out there that says it doesn't matter what the dollar figure is, then the Fed's not insolvent by law.

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