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49 sats \ 1 reply \ @Undisciplined 22 Dec \ on: Dallas Fed President: It’s Time to Replace the Fed’s Interest Rate Target econ

They really might be aiming to phase out the Fed

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69 sats \ 0 replies \ @justin_shocknet 21h

Undoubtedly, this jives with what I posted the other day: #1360945

She's admitting that the only thing that matters collateral (treasuries... therefore THE treasury), math > rules. Fed discretion is being replaced a mechanical link to the Treasury market and that closes the IORB arb subsidy that props up foreign banks.

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