It means QE has lost effectiveness. The Fed buys treasuries from the bank in hopes the banks will lend the newly printed cash out. The banks are choosing instead to lend it back to the Fed at .05%. They've run out of qualified borrowers. QE ain't working anymore
— Montana Troutslayer (@Troutslayer7272) September 20, 2021
#NYFED RRP
Without comment: pic.twitter.com/0h70zGIJq0— alex (@flyalex666) September 20, 2021
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