The tradeoff from running sustained deficits will eventually come when excess reserve facilities run out (RRP at couple hundred billion, TGA at ~$1 trillion) and direct market financing becomes necessary, likely next year when these reserve facilities deplete

forecastpending

Speaker

Felix

Evidence Quote

“there's going to be a trade-off at some point when these you know excess Reserve facilities run out”

Source

What Stops The Runaway U.S Fiscal Trainwreck? | Weekly Roundup— Forward Guidance
Created: 8/12/2026, 6:47:08 PM

My Notes

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