by Summary:
Says it was an “operational problem”... ie not a technical problem..... Nobody wants to receive reserve assets? Hmmmmmmm... The Fed's system that allows banks to send money back and forth went down for several hours https://t.co/KNFxH0Uh6n— Jeff Cox (@JeffCoxCNBCcom) February 24, 2021 B reserves to depositories yesterday:Perhaps destabilization starting....
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Says it was an “operational problem”... ie not a technical problem..... Nobody wants to receive reserve assets? Hmmmmmmm... The Fed's system that allows banks to send money back and forth went down for several hours https://t.co/KNFxH0Uh6n— Jeff Cox (@JeffCoxCNBCcom) February 24, 2021 B reserves to depositories yesterday:Perhaps destabilization starting....
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Says it was an “operational problem”... ie not a technical problem.....
Nobody wants to receive reserve assets? Hmmmmmmm...
The Fed's system that allows banks to send money back and forth went down for several hours https://t.co/KNFxH0Uh6n
— Jeff Cox (@JeffCoxCNBCcom) February 24, 2021
$70B reserves to depositories yesterday:
Perhaps destabilization starting....