Again, I think that we've gotten to this point where monetary policy has gotten very complicated and it's more than just cutting rates. We've got this balance sheet and what are we going to do with it? You know, The Fed has taken us into a new Regime and what is called ample reserves regime. And it looks like that might be fraying a bit here in terms of whether the reserves are actually ample in the, in the system. (05:55–06:03)
CLAIM
Asserts that the Fed has moved into an ample reserves regime.
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