After pointing out that the markets survived a 25 percent drop in GDP and the loss of 30 million jobs last covid spring, Powell admitted that “some parts of the financial system had to be bailed out again. These were really, though, nonbank places like money market funds and things like that, where we had to step in again and provide liquidity.”
https://mises.org/wire/reverse-repos-fed-now-trying-clean-its-own-mess
No comments:
Post a Comment