Powells claiming Repo intervention is not easing. Hes lying. JP Morgan left the market b/c such bad returns. That sent overnight rates soaring. If Fed hadn’t intervened, banks would have raised bank deposit rates to fund themselves. People would sell stocks and put it in banks.
https://twitter.com/pondermint/status/1194765190908252162 FED'S POWELL SAYS THE FED THINKS IT HAS REPO MARKET ISSUES UNDER CONTROL — *Walter Bloomberg (@DeItaone) November 13, 2019