With Reverse Repos, The Fed Is Now Trying To Clean up Its Own Mess – OpEd

Eurasia Review

Published

By Doug French*

This spring Scott Pelley of 60 Minutes asked Fed chair Jerome Powell, “And you believe the system, because of the oversight of the Fed, has the wherewithal to stand a significant shock to the markets?” 

After pointing out that the markets survived a 25 percent drop in GDP and the loss of 30 million...

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