The Fed’s Balancing Act, Wall of Worry, and Box Office Blues 3/31/23
The Exchange
00:00
The Fed's Job Is Impossible
The Fed is on a path to hike in May and then they will see how much lending conditions tighten further for them to decide what to do next. We know that the Fed has the right tools to deal with this kind of financial crisis. Central banks were invented to deal with liquidity problems in the banking system. They've brought them out all guns blazing. The preliminary data suggests it's working.
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