Macro Voices

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July 22, 2019  

All-Stars #35 Luke Gromen: FF>IOER Means Balance Sheet Capacity Used Up

July 22, 2019

All-Star Luke Gromen responds to Jeff Snider's All-Stars appearance last week, sharing a different view on the significance of Fed Funds exceeding IOER. Luke says it’s about domestic private sector balance sheet capacity. Link: http://bit.ly/2XVNVmh