Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks Under Mountain of Reserves
Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks Under Mountain of Reserves by Wolf Richter, https://wolfstreet.com/ This is the first time I’ve seen Wall Street banks clamor for the Fed to back off QE. The Fed is struggling to keep the liquidity it created from going haywire. – …
