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


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.

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.



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