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An Extended Breakdown of the Fed and Banks (Podcast)

Bloomberg Intelligence

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The Importance of Quantitative Tightening

Barry Bleakley: J. Powell wants for monetary policy to actually affect the non-banking sector. He knows that inflation's coming down, but he doesn't want to repeat Arthur Burns' mistake of raising interest rates too high and then having them fall back low again. The problem isn't how quickly we've gotten here; it's how fast we've gone from a very low rate to an extremely high one in less than 20 years.

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