Brian Sack on the Fed’s Balance Sheet and How to Improve the Floor Operating System
Macro Musings with David Beckworth
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The Floor System and the FEDS Operating System
Brian Krueger: Let's move into the FEDS operating system. And its current system is a floor operating system or they like to call it ample reserve system. But on this show, Brian, I've had a lot of people who are critical of the floor system as you may know,. and I want to give the floor system a fair time. So walk us through the arguments for the floor system and why we should continue to embrace it.
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