The Fed's Forward Guidance Is No More | with Nick Timiraos
Forward Guidance
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The Great Steepening in Rates
John McGowan: I remember back in QE1 when people were like, yeah, we're going to buy a few billion. And then we fast forward to March 2020, we're buying like a trillion dollars in a month. So that has the potential to put a lot of upward pressure on rates. We've got a question from John McGowan who says, will the QT... Oh, okay. Do you have that one above? Yes.
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