Jerome Powell To NBC: ‘We’re Not Going To Run Out Of Ammunition. That Doesn’t Happen.’
“Essentially, the answer to your question is ‘no'”.
Category: fomc
Fed Moves To Support Money Market Funds In Latest GFC Flashback
Are all the leaks plugged now? Somehow, I doubt it.
Fed Unveils Another Emergency Facility, Says Primary Dealers Can Post Stocks For Cash
“Credit extended may be collateralized by a broad range of IG debt and equity securities”.
Fed Reinstates Emergency Commercial Paper Funding Facility In Move To Avert Crisis
“The commercial paper market has been under considerable strain in recent days”.
Nomura’s McElligott: We’re Seeing ‘Nervous Dollar Hoarding Demand’
“…USD funding pressure continues to mount despite the positive optics of the coordinated global CB FX swap line actions”.
Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines
Now this a “whatever it takes” moment.
Trump Hints At Demoting Jay Powell To ‘Regular Position’, Says He Took Virus Test
“I haven’t made any decisions on that”.
Fed Brings Out Bazooka. Announces Massive Repos, Expands Asset Purchases Beyond Bills
“These changes are being made to address highly unusual disruptions in Treasury financing”.
Fed Figures ‘Right Now!’ Is Good Time To Upsize Repos As Panic Proliferates
“They should help support smooth functioning of funding markets”.
Fed Harshly Panned For ‘Panic’ Rate Cut. Market Looks To Biden For Relief
Now, in 2020, it’s not clear where we are, besides on the border of lost credibility.
Zoltan Pozsar Takes On COVID-19: ‘Use The Swap Lines, An Uncapped Repo Facility And QE’
“Dollar funding is always the orphaned child of crises”.
Coronavirus Selloff Resembles Lehman In One Key Respect. Will The Emergency Fed Cut Change That?
Is your parachute working?