2min chapter

Forward Guidance cover image

The Powell Put Won't Save Stocks | Joseph Wang

Forward Guidance

CHAPTER

The Fed's Toolkit for Controlling the Offshore Dollar System

The Eurodollar futures market, as it stands today, I believe is futures of the LIBOR, three-month dollar-nominated LIBOR. So will the transition from LIBor to SOFR put more of the offshore dollar system within the control and remit of the Federal Reserve? No. It doesn't really change the Fed's toolkit. It just changes the reference rate. And in fact, they wouldn't even spike at all because of all the centredial facilities.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode