Fed’s $168.2 Trillion Nightmare That Powell Ignored In Written Testimony Before Senate Banking Committee (Bank Staggering Derivative Exposure)

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by  confoundedinterest17

Yes, Fed Chair Powell gave written testimony before the US Senate Banking Committee. He left out one important bit of information: US banks have $168.2 TRILLION in derivative exposure.

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It could be that Chairman Powell had other things on his mind, like reverse repos over $1 trillion and a $8.26 trillion balance sheet.

See also  At Jackson Hole, Powell assured us that a “narrow group of foods and services” were responsible for the “spike of inflation”. Yet, in the latest Kansas City Fed survey, EVERY i.e. 100% of the respondents said their raw material prices were higher than a year ago!

 

 

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