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Federal Reserve Bank of New York
“In accordance with the most recent Federal Open Market Committee (FOMC) directive, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct a series of overnight and term repurchase agreement operations (repos) at least through January of next year to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy implementation.”
USAGOLD note: The previous limit was $75 billion. There is something going on here that not a lot of people understand – including Wall Streeters. Why are these numbers soaring? The Fed remains notably silent.
Repost from 10-25-2019
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