AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
The Fed's $3 Trillion Problem | Maroon Macro & Joseph Wang
Forward Guidance
The TGA Drawing Down and the RFP Coming Up
Money market funds don't really want to take a lot of duration risk. And so they will probably never technically take a loss because they will buy treasury bills and hold them to maturity. So I think as as the terminal fed fund rate becomes more sort of certain, that's probably when we'll start to see the RFP start to come down.
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