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The Fed's Forward Guidance Is No More | with Nick Timiraos
Forward Guidance
The Fed's Strategy for QT
The treasury issues new debt and takes the proceeds to pay back the Fed. That's how the Fed shapes a string, surveillance sheet. And something else that I noticed really interestingly is that he thinks that he can do QT in like three years. If you guess, let's say Paul wants to go to where we were pre pandemic plus, you know, let't say an extra trillion or two.
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