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The Fed’s "Controlled Demolition" of The Financial System | Danielle DiMartino Booth
Forward Guidance
The Consequences of J Powell Saying He's Not Going to Do Anything
The first republic might have, uh, gone down a week prior and maybe they want it for that to be resolved on a Monday instead of on a Friday. Maybe they want it to see if the probability of that rate hike on May 3rd would go down enough to strong arm J Powell into not putting through that last 25 basis point rate hike didn't happen. And by the way, Austin Goolsbee didn't dissent. He was part of a task force assigned to investigate how the Fed could be of assistance since they do happen to own a ton of treasuries.
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