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Should the Fed shrink its balance sheet back to zero?
Bob McTeer joins Jim Blasingame to discuss reasons why it might be advantageous for the Fed to just keep the same balance sheet level since its easing period, rather than liquidating and possibly hurting the economy.
Category:
Economy: Nation, Global, Government, Politics
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Bob McTeer joins Jim Blasingame to report on a little-known part of the Federal Reserve Act – Section 13.3 – which allows the Fed to help small businesses directly as a “lender of last resort” during emergency periods.
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Bob McTeer joins Jim Blasingame to discuss the job that Chairman Yellen has done leading the Fed, and to predict that she will likely be replaced when her term is up.
Bob McTeer joins Jim Blasingame to discuss the unprecedented size of the Fed balance sheet and whether it’s time to begin liquidating it.
Bob McTeer joins Jim Blasingame to agree that the FOMC will likely raise rates a quarter point during the June meeting, and why the current conditions justify this step.
