2min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Dopp Hub and the Fed's Debt Tightening

The majority of the members of the Federal of the Market Committee agree with J-PAL, that shrinking the balance sheet is absolutely first and foremost of import at the Fed. I mean, we haven't had any bank failures in a while, right, Jack? Yeah, six weeks, so long. But that doesn't mean that banks, net interest margins are not being eviscerated. The second quarter earnings season is going to be like if you're seeing lenders pull out of entire lines of business. And reactive, violent policy, that shreds credibility. So this aura of calm, we're all in this together. We know what we're doing. It's easy to say

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