The Federal Reserve may need to continue its efforts to calm the overnight lending market in the new year, former Atlanta Fed president Dennis Lockhart told CNBC on Friday.
"That's a little bit of a trial and error kind of thing," Lockhart said. "And they have been injecting more bank reserves into the system to try to make sure the repo market first got through year end, which we'll see in the next couple of days, and secondly continues without undo volatility." Lockhart said he does not view the Treasury purchases as a return of quantitative easing practices, which the Fed used after the 2008 financial crisis, but as part of a strategy to settle the repo market. Fed Chairman Jerome Powell has said the purchases are "Quantitative easing refers to the Fed's program of buying mortgage backed securities and other assets after the financial crisis in an attempt to stabilize the financial system and stimulate the economy.
The $FED just confirmed, they just throwing shit against a wall and see if it sticks... Meaning FED has no clue what they are doing... Really raises level of confidence in FED...
'trial and error' you dufuss's, we're not your willing subjects or your Guinea pigs! ...now go play 'Fed dot-plot' somewhere else, w/your own(your own children's future) elite megalomania PhD's & stop twiddling like you're Gods! Come back when or if you ever have the answer...
Bailing out and enriching Wall Street ... a 'trial and trial and trial and not trial' process!
'THIS IS NOT QE' -Jerome Powell
lmao
That means they have no idea how to fix the crisis they created. Scary.
Jamie Dimon...
Well that inspires confidence. Not.
Bullish.
They are probably getting hacked and are just too stupid to have figured it out yet
Reassuring isn’t it 😂
Now lots of money buy long of US market future and wait Fed action everday, so stupid and naive Fed.
They lost independence and standard ,Fed,the reason is election year.
if no idea what is happening, why and how it was supposed to happen, then yes
Do they know and or understand exactly what the source of the problem is? Lots of cash will make a lot of things look better but that is not the same as fixing the underlying problem
There is no fix, except breaking up the big four. This is what happens when banks gain monopoly power.
Um with trillions of our taxpayer dollars. endthefed
Start arresting these traitors
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