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The Debt Ceiling Approaches | Joseph Wang & Dominique Dwor-Frecaut
Forward Guidance
The Fed's Toolkits for Fiscal Dominance
The Fed has to sub serve its mandate to treasury. But the Fed itself also has a financial stability mandate. And so that's something they worry about as well. Joseph, what exactly would be in the Fed's toolkits based on the documents that you and Dominique are referring to? Would this be repo, would this be purchases of securities?
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