AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Will Janet Yellen Pull the Trigger? | Andy Constan
Forward Guidance
The Fed's Mortgage Problem
Unlike in 2018, the maturity profile of the fed's treasury holdings now is shorter duration. So if the fed wants to get some mortgages off its books, it's going to have to sell mortgages actively instead of letting them expire. The big issue is that every bond that rolls off ultimately results in the US treasury issuing something that itself is a bond and they don't have the treasury there to buy it.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode