Treasury still doing these pop up issues of Cash Management Bills to increase TGA and draining reserves ie “unprinting money!” this week.... to Kudlow and the other Monetarists there this should be a (to them) a bearish policy as it is reducing their “high powered money!”... also is in direct conflict with their own quarterly funding plan which said they wanted TGA at 800b by end of JUNE... missed their target by $1T.... hard to understand...
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