FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir/File Photo
Interest rates in the overnight lending markets for cash remained subdued on Dec. 31, which was expected to be a tough day for liquidity as banks cut back their lending for regulatory reasons. Financial firms took up only a small amount of the $150 billion the Fed offered up in the market for repurchase agreements, or repo, on the last day of the year.
DiMartinoBooth They got it under control 🤣
The Finance 202: Powell is still propping up Trump's economy
The repo market funds the short term borrowing requirements of active financial market participants, does it not? Isn’t one of the reasons for these liquidity “burps” that those players’ speculative positions are too big? “The long term fix” that Barkin cites, is 2 cut positions.
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