The Fed Is Entrenched in the Repo Market. How Does It Get Out?
https://www.bloomberg.com/news/articles/2019-12-21/the-fed-is-entrenched-in-the-repo-market-how-does-it-get-out At the Federal Reserve, 2020 will be all about making the repo market boring again. Policy makers will find this easier said than done. The central bank’s liquidity injections — including almost half a trillion dollars earmarked to ensure New Year’s Eve is a snooze — and Treasury bill purchases have nudged the vital … Read more