State-contingent Fed operating system proposed
The guest advocated for a state-contingent operating system that could shift between ample and scarce reserves as needed, using robust ceiling and floor facilities to control rates while allowing price discovery.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.