ICYMI: We’re Entering The Final Phase Of Fiscal Dominance We Discuss: 🔶 The 3 phases of Fiscal dominance 🔶 The Fed’s balance sheet dilemma 🔶 Stablecoins supporting dollar dominance 🔶 Active treasury issuance & political pressure 🔶 Rewriting the Fed’s monetary policy framework Timestamps: 00:00 Intro 01:27 Major Regime Shift 05:00 Last Era of Fiscal Dominance 08:13 Ads (VanEck, Aptos) 09:35 Fiscal Dominance Catalysts 12:29 Phases of Fiscal Dominance 18:37 Can Stablecoins Help? 23:51 Active Treasury Issuance 26:44 Ads (VanEck, Aptos) 28:06 Is the Endgame YCC? 31:29 Crossing the Rubicon 33:23 Fed Monetary Policy Framework 38:18 The Ideal Fed Reaction Function 45:18 Rethinking Forward Guidance 47:52 Balance Sheet Goals 52:13 Realistic to Offload Duration? 54:38 Should We Remove IORB? 01:01:13 Final Thoughts @DavidBeckworth @fejau_inc Links Below ↓