May 03, 2024 14:08 GMT
MNI PODCAST: FedSpeak-SEC’s Ghamami On Treasury Market Reforms
(MNI) WASHINGTON
SEC economist Samim Ghamami flags Treasury market fragility, hopes reform efforts can help.
EXECUTIVE SUMMARY
- U.S. Securities and Exchange Commission economist Samim Ghamami says the Treasury market is still vulnerable to bouts of illiquidity, though reforms like central clearing should help alleviate some pressures.
- Ghamami, also a former Fed and Treasury staffer, sees at most one rate cut from the U.S. central bank this year.
- He sees a range of risks facing the financial system, including weak regional banks and in opaque private credit markets.
Listen to the full podcast here.
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