Treasury, Fed, FRBNY confirm FFTT’s US fiscal problem view…in policymaker-speak (FFTT 11/5/24)
A plantation by any other name is just a farm, but it does roll off the tongue a little sweeter. -“Sweet Home Alabama”, 2002 If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. -English colloquialism The substantial Fed balance sheet expansion from Covid remains partially in place today; as the Fed continues to reduce its balance sheet, there is risk that market resiliency could