RIP Transitory Inflation, Long Live Quantitative Tightening

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p> </p> <p><span style="font-weight: 400;">On today’s episode, NLW marks the next phase in the shift in monetary policy. Starting this month, the Federal Reserve is going to allow U.S. Treasurys and mortgage-backed securities held on its balance sheet to expire without renewal. The goal is to reduce the overall balance sheet by billions of dollars per month. NLW explains how we got here, why the market is nervous and what might happen next. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">by June 30 and receive up to $150 in BTC.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <stro