Powell Seeks to Avert Repeat of 2019 Repo Market Seizure

The video discusses the Federal Reserve's tightening cycle, highlighting the potential for a rate hike and the importance of monitoring concentrated tightening. It addresses concerns about market impact and liquidity crunch, referencing past market issues. The discussion also covers future challenges and risks in the market, emphasizing the need for careful implementation of policies.

What does the term 'liquidity crunch' refer to in the context of the market?

What are the 'bumps in the road' mentioned in relation to the tightening process?