Large balance sheet exposes Fed to reputational risk
The discussion framed a large balance sheet as bad for the Fed itself, exposing it to losses that harm its credibility and create fiscal volatility.
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.