It’s like they know something else is coming, not unlike they did right before the pandemic.
Tag: Repo
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
It’s factually incorrect for the Fed Chairman to say that it can only make emergency loans with the approval of the Treasury. Months before there was any case of COVID-19 anywhere in the world the Fed was making hundreds of billions of dollars a week in emergency repo loans to Wall Street trading houses. The emergency loans started on September 17, 2019 – four months before the first reported case of COVID-19 in the United States. By January 27, 2020 the Fed’s ongoing cumulative loans to bail out Wall Street’s hubris tallied up to an astounding $6.6 trillion. (See Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash.)
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries,” the Fed said.
Related:
Fed Panics: Powell Cuts Rates To Zero, Announces $700BN QE5, Unveils Enhanced Global Swap Lines
Trump says ‘relax,’ urges against hoarding as coronavirus cases soar and Fed cuts rates to zero
MARKETS A LOOK AHEAD: Critical Report… By Gregory Mannarino
MARKETS A LOOK AHEAD: Critical Report… By Gregory Mannarino
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos.
— Read on news.bitcoin.com/despite-st-louis-branch-warnings-new-york-fed-pumps-108-billion-into-us-economy/
Fed Adds $87.7 Billion To Financial System in Latest Repo Transactions
The Federal Reserve Bank of New York added $87.7 billion to the financial system Tuesday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets.
— Read on www.wsj.com/articles/fed-adds-87-7-billion-to-financial-system-in-latest-repo-transactions-11571145580
The Fed pumps another $75 billion into financial markets, continuing capital-injection plan
The Federal Reserve on Wednesday sold another $75 billion in market repurchase agreements, or repos, in a continued effort to calm money markets and bring…
— Read on markets.businessinsider.com/news/stocks/fed-repo-pumps-75-billion-into-market-continuing-injection-streak-2019-9-1028553196
Fed plans to provide more support for repo market
The Fed announced on Wednesday that it was cutting the benchmark rate by a quarter-point to a new range of 1.75 percent to 2 percent as it seeks to cushion the U.S. economy from various threats, ranging from a slowing global economy to shocks from U.S. President Donald Trump’s trade war with China.
— Read on the-japan-news.com/news/article/0006024281
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