This is not quantitative easing, which I have a problem with.
I don’t see a real downside to this move. Can you help me better understand? I’m with Milton Friedman in the quote I put in the earlier comment, but you may know something different
The repo market deals with bonds the investment banks hold in lieu of cash. The bonds are not holding their value so the Fed is pumping banks with thin air money to keep their balance sheets intact. But what it really is is free money for grifters inside bank boards who are losing bond collateral.
It’s equivalent to McCabe getting a book deal if he keeps his mouth shut or his wife getting a large Clinton backed donation to run for office which she’s not qualified for but the $$$ is placed to make the dirty cop stay dirty, as in drop all investigations and inquiries into Clinton related crime.
Think of it as a well-oiled network of slush funds.
I’m tied up at the moment but will find the authoritative source that provides details for study.
But no, it’s not good and it has the potential to cause a repeat of the financial collapse which democrats would love to foist on POTUS’s lap.