The Fed's Quantitative Tightening Strategy

I get the sense that when Powell first started, I remember him. He's a lawyer by training with a lot of good professional experience. So maybe he's going back to being humble and then boys Jack mentioned, maybe being more not so model reliant. Some people who are talking about selling the long end, selling the MBS in order to deliberately steepen the curve. To me, it seems like you really want to watch what happens with treasury funding. We're going to get a lot of run off this year, likely at the May meeting.