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The Fed's Policy Mistake in Quantitative Tightening
I think aggressive rate hikes could destabilize the market. Maybe they want to crash the markets. I mean, if you perceive markets as elevated, maybe that's part of your plan. So it's not always easy to tell what is a policy is fake and what is intentional. $100 billion plus QT is only possible in my view under one circumstance. The Treasury issues massive amounts of bills to take money out of the RFP to repay the Fed Treasury,. That's the only way.