Random Walk

Random Walk

Fed at work

At least one part of the job is nearly done

Moses Sternstein's avatar
Moses Sternstein
Dec 11, 2024
∙ Paid
4
3
Share
  • Fed’s magical shrinking balance sheet

  • ‘excess liquidity’ goes *poof*

  • so good, but not too good . . . so when does the taper end?

Keep reading with a 7-day free trial

Subscribe to Random Walk to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Moses Sternstein
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture