Fed Reveals When The Next Repo Crisis May Strike

Fed Reveals When The Next Repo Crisis May Strike

Nov 20, 2019 | News

As part of today’s FOMC Minutes, the Fed also released the minutes from the October 4 ad hoc unscheduled video conference during which the FOMC agreed to unexpectedly launch POMO, reversing almost two years of QT, in order to address the crisis in...
The Federal Reserve Is Directly Monetizing US Debt

The Federal Reserve Is Directly Monetizing US Debt

Nov 16, 2019 | News

In a very real way, MMT is already here The Federal Reserve is now directly monetizing US federal debt. Sure, it’s not admitting to this. And it’s using several technical jinks and jives to offer a pretense that things are otherwise. But it’s not terribly difficult to...