In 2020 Fed contained a crisis in Treasury market & emerged with its reputation enhanced. But that was an exogenous

In 2020 Fed contained a crisis in Treasury market & emerged with its reputation enhanced. But that was an exogenous COVID shock. A malfunction now, in tightening cycle, would be very different! Chartbook #172 on the most important financial market in world
adamtooze.substack.com/p/chartbook-17… https://t.co/FEATWthqeo

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