Steno Signals #32 – When will QT end? Introducing “The Waller Rule”
Waller from the FOMC has hinted when the QT process ends. The current debt ceiling stand-off is likely to prolong QT in this Waller framework, while the terminal value of USD reserves remains the same.
Waller from the FOMC has hinted when the QT process ends. The current debt ceiling stand-off is likely to prolong QT in this Waller framework, while the terminal value of USD reserves remains the same.
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