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- Aug 8, 2016
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So the Fed has announced that it will pump 75 billion dollars a day into the repo market until November 4th.
Anyway...
The need for the Fed to shove billions into the repo market to keep that market’s interest rate near the Fed’s target shows the Fed is losing its power to control the price of money.
Anyway...
The need for the Fed to shove billions into the repo market to keep that market’s interest rate near the Fed’s target shows the Fed is losing its power to control the price of money.