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MNI Podcast: FedSpeak - Ex-New York Fed's Wang Flags QT Risks

EXECUTIVE SUMMARY
  • Ex-New York Fed trader Wang says the central bank's aggressive approach to QT carries risks for markets.
  • "There is a reasonably good chance of some kind of accident happening, maybe rates shooting higher."
  • Wang recalls being on the NY Fed repo desk when the market crashed in September 2019.
  • Fed will have to cause some amount of pain to the economy in order to get inflation down.

Listen to the podcast here.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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