3min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Fed's Position in the Treasury Market Remains Untenable

The Fed's footprint in the treasury market remains too big. quantitative easing got them in a position that's become untenable, says Jack Shih. The best of all worlds for Jay Powell would be if he could eventually stop lowering interest rates at 2% and leave the balance sheet alone forever," she adds.

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