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The Gorilla in the Room: A Look at Fed Lacker & the Fed Balance Sheet

yragharris.com  ( Original )
APR 6, 2017

ORIGINAL SOURCE: Nothing Focuses the Mind Like a Hanging by Yra Harris of yragharris.com on 4/6/2017


Yra Harris from Notes from Underground writes his insights here on Fed Lacker's leeks and believes it goes much deeper so that it has tarnished the entire Fed's reputation. 

He also goes into detail on the yield curve and says that the Fed models may not live up to their forecast (as they have in the past) and could cause major disruptions as they try to wind down their balance sheet.


A very interesting read; Nothing Focuses the Mind Like a Hanging