Dave McCormick: “He's going to think about bringing it back to a more narrow…”

“So first of all he, the Fed has really spiraled over the last two decades in terms of its mandate, how it's used its balance sheet, really taken on a set of responsibilities that weren't consistent with its original mandate. I think he's, He's going to think about bringing it back to a more narrow ambition and over time shrinking that balance sheet. And, and he's also going to think differently, I believe, about how he communicates, how he communicates to the markets.” (01:15–01:24)

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