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Fed’s QT Ghosts Are Haunting Powell
Bloomberg Businessweek
The Fed Doesn't Want to Have to Plow Money Into the System
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Liz Capo McCormick, she's Bloomberg News Chief Correspondent for Global Macro Markets. Her story is among the most read on the Bloomberg has been there all day. Liz: The Fed didn't want to have to plow money into the system like they did when repos blew up. So they kind of had to go counter. He creates volatility, uncertainty, especially now inflation's still a huge problem.
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