The Fed is trying to get that balance sheet down their pace is about a trillion a year. They don't want reserves in the banking system to get too restrictive. So as they rolled that off their balance sheet, that money has to be pulled out of the system. If it comes from bank reserves, then we could get more tightening and liquidity.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains Fed Chair Jerome Powell's admission that the central bank was blindsided by the impact of shrinking its balance sheet four years ago. Roberta Goss, Head of the Bank Loan and CLO Platform at Pretium, discusses the leveraged loan environment. Mark Mahaney, Head of Internet Research at Evercore ISI and Bloomberg Intelligence Senior Technology Analyst Mandeep Singh talk about Meta’s Threads app topping 100 million users. And we Drive to the Close with Abhay Deshpande, Founder and CIO at Centerstone.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.