Bloomberg/Emily Barrett/10-28-2019
“It [U.S. Treasury Department] needn’t agonize just yet, however. For the next few months the Federal Reserve will be scooping bills out of the market — part of its effort to calm the repo market — about as fast as the government can pour them in.”
USAGOLD note: We used to call it printing money. Then we called it monetizing the debt. After that, we called it quantitative easing. Now the Fed calls it providing liquidity for a stretched repo market.
