RRP Theory confirmed by the NY Fed themselves. They are using RRP to prop up the value of the USD. Another soft confirmation of the QES theory.

by

by laflammaster

Here’s the sauce: https://www.newyorkfed.org/markets/rrp_counterparties

The function of the RRP is to remove the liquidity from the market, to prop up the USD.

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

3 views