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The Federal Reserve Bank of New York Governor, Is It a Bad Thing?
i want to tie up some lus ans, and then i want to get onto quantitative asing, modern monetary policy, and inflation. What's the argument that it's a bad thing that the fed now has all these assets on the balance sheet? And what are the assets like? Are they buying like company stock? First, give some definitions. We did actually get and we got, we got into the twenties or thirties and started talking, jumping right to the 20 twenties. This is, i warned everybody at front that, you know, maybe my career trajectory sort of give you some sense of the o, the, e, d, d, tendencies or preferences of my