This story is VERY well worth the read. Thank you to @Kantrowitz & @ScottWapnerCNBC for making it a focal point in today’s discussion.
via @nytimes
https://t.co/s7CiiKZNHh
BREAKING: Powell has signalled that the Federal Reserve may stop shrinking its balance sheet in the coming months to preserve liquidity in overnight funding markets, per Bloomberg.
BREAKING: Trump to open US retirement market to crypto investments, per FT.
The US president is expected to sign an executive order that would open up 401k plans to alternative investments beyond traditional stocks and bonds.
🚨 BREAKING: A CRIMINAL REFERRAL may be on the way from one or more Congressional members to the Department of Justice against Fed Chair JEROME POWELL for perjury, according to Trump Federal Housing Director Bill Pulte.
Whoa.
This is regarding the $2.5B Fed HQ renovations.
Yea bullish af. Basically just extending Biden/Yellen policy until they get a fed chair who will drastically cut rates (May 2026 latest) then extend balance sheet duration at that point.
Tax cuts, trade deals, deregulation, money printer….
The Fed board announces an open meeting to discuss proposed revisions to the supplementary leverage ratio standards at 2 p.m. next Wednesday, June 25. https://t.co/Rqi5xZ8vH1