Bonus Clouded Judgement 6.5.23 - Upcoming Liquidity Crunch?
Clouded Judgement
JUNE 5, 2023
TLDR - the recent debt ceiling deal may actually pose a drain on liquidity (in addition to ongoing QT) as the government sells T Bills to refill the Treasury General Account (this starts today!). monetary policy is conducted by the Federal Reserve. The central bank has several tools at its disposal to implement monetary policy.
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