AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Michael Howell: "QE Is Coming Back, Big Time"
Forward Guidance
The Federal Reserve Targeting Reserves
The Federal Reserve is targeting the level of bank reserves that it believes are safe to use. The Treasury is issuing a lot of bills and wants to reduce the size of the reverse repo program. This could provide more collateral for banks, which can then lend against increased collateral. So what you've got here is an engineered flatlining or targeting of bank reserves.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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