Is the Fed quietly signaling trouble ahead? Powell injects $29.4B into the banking system — biggest repo operation since 2020 — as U.S. bank reserves crash to $2.8T
https://www.google.com/amp/s/m.economictimes.com/news/international/us/is-the-fed-quietly-signaling-trouble-ahead-powell-injects-29-4-billion-into-the-banking-system-biggest-repo-operation-since-2020-as-u-s-bank-reserves-crash-to-2-8-trillion/amp_articleshow/125017706.cms
Posted by Mrnrwoody
2 Comments
He’s not being that shy about it honestly, he literally said the job market is fucked due to AI-fever and gave a very half-hearted and transparent reading of the current bubble that anyone with even a cracker jack understanding of econ could see was complete bullshit.
What am I missing here? This is not a real injection of cash but an overnight loan that gets taken right back out – now that it’s 11/1 that cash is no longer there and banks have gotten their collateral back so they can keep operating.