In its efforts to not lose control of the policy rate-setting mechanism and manage the repurchase agreement (repo) rate, the US Federal Reserve (Fed) recently announced a new initiative to buy several hundred billion dollars’ worth of Treasury bills over the next few quarters. That it would do something to control the financing rates for […]
source https://thebtrader.com/2019/10/16/qe-x-jay-powell-thou-protest-too-much/?utm_source=rss&utm_medium=rss&utm_campaign=qe-x-jay-powell-thou-protest-too-much
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