February 29, 2024

– Fed will continue to intervene in repo market until Jan 2020
– Fed will buy $60 billion a month of short term bills
– Powell says, “This is not Q.E.”
– Fed balance sheet starts rising and at a rapid pace

Links:
The Fed is extending its overnight funding operations through January 2020
Fed Unveils Plan to Expand Balance Sheet but Insists It’s Not Q.E.
Fed Brings a Bazooka to Its Fight With the Repo Market
Fed total balance sheet