IN AN ILLIQUIDITY CRISIS, THE FED’S CHOICES NARROW VERY QUICKLY.

IN AN ILLIQUIDITY CRISIS, THE FED’S CHOICES NARROW VERY QUICKLY. YOU CAN DEBATE INFLATION AND LABOR MARKETS ALL DAY, BUT WHEN PRIVATE CREDIT, NONBANK LEVERAGE, AND TREASURY MARKET STRESS COLLIDE, THE INCENTIVE TO PRINT BECOMES MUCH HARDER TO AVOID. DISCUSSED WITH DANIELLE DIMARTINO BOOTH, @DIMARTINOBOOTH, ON U GOT OPTIONS: FROM THE CBOE FLOOR. LINK BELOW 👇 — VIA @JAM_CROISSANT

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