First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2024/07/31/inflation-fight-dont-miss-the-main-event-003351
<p><img src='https://www.moneymetals.com/uploads/content/Don-t-Miss-the-Main-Event-social.jpg'/></p>Interest rates are really a sideshow in this Fed drama. The real action is on the Fed balance sheet.