It has become too easy for Congress to borrow trillions of dollars per year. Why should Congress reduce spending or raise taxes when the Federal Reserve will accommodate a higher level of borrowing? READ MORE
Are We Reaching the Limits of Fed Intervention? 1/2/2020
From January 2018 to September 11, 2018, the Federal Reserve steadily reduced its total assets by $670 billion from $4.44 trillion to $3.77 trillion. On September 11, there was a spike in the repurchase (or repo) rate, a key overnight lending rate. READ MORE