The Fed has been reducing its balance sheet in the background, as they like to say, by up to $90 billion a month. The reserves held at the big banks have been draining. So there's a little bit of concern among some people in the market that if this money kind of stays in the reverse repo program, and reserves continue to drain,. That the Fed might then have to change cores if we see reserves fall too low. But what we've heard from the Fed officials so far is that they're aware of what's going on in the markets. They're watching it, and that they're prepared to make changes if necessary.
Bloomberg News Economics Reporter Jonnelle Marte discusses that Federal Reserve Chair Jerome Powell is expected to echo fellow central bankers in suggesting interest rates will go higher than policymakers anticipated just weeks ago if economic data continue to come in hot. Andy Browne, Partner at Brunswick Group, talks about the news out of China’s National People's Congress. Elizabeth Werner, QVC Guest Host and toy industry expert, shares her thoughts on the Toy Fest West trade show. And we Drive to the Close with Mark Baribeau, Head of Global Equity at Jennison Associates.
Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.
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