Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves
by Wolf Richter, Wolf Street: 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. In the fall of 2019, when the repo market blew out, the Fed stepped in and bought Treasury securities […]
Source: https://www.sgtreport.com/2021/05/fed-drains-351-billion-in-liquidity-from-market-via-reverse-repos-as-banking-system-creaks-under-mountain-of-reserves/
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