Michael Nadeau

That's quantitative tightening, right?

That's the opposite of QE.

That's the opposite of these policies that the market sort of expects the Trump Fed president to implement.

And

So this is the big question.

He's talking about reducing the Fed balance sheet by trillions of dollars and signaling that to the market.

And he thinks the market can actually digest that and sort of, we can create a new regime here.

And he's using that to say that if we reduce the Fed balance sheet, we can bring interest rates all the way down.

And that's, this is, you know, my view is,

since Trump has come into office, is that him, the Treasury Secretary, they want to sort of get the government off of this like, this like high that it's been on in terms of, you know, fiscal spending, too much fiscal spending, too much government blow, too much fraud, waste and abuse.

And we want to transition away from like sort of the government as a nexus of the economy to let's get rates down and let's let the market, the free market work where rates come down, demand for loans goes up.

And we have a little bit more of like an organic economy based on lending and rates coming down.

It's good for small business.

And it sort of takes some of this bloat, you know, out of government spending.

So that's been my view.

this, this fed president looks fully aligned with that, with that view.

He's talking about, the fed, you know, is overreaching.

It's getting into too many different things.

It's balance sheet is too big.

Um, so he seems like a kind of a free markets guy.