by Why would you have your RRP rate above your min FFR target and then not understand why MMMFs won’t fully engage in Tsy markets?How stupid are these f-ing people?When Fed did RRP in the first place they created a competing risk free asset class to Tsy securities which was bad enough… but then set the rate higher than your min target?#Fed officials are mulling a 5 bps cut to the reverse-repo rate to align it with the lower end of the federal funds target range. Nov meeting minutes highlight this as a "technical adjustment" to control the benchmark rate. RRP usage: 8.8B on Tue.#Fed #FOMC #Powell #inflation pic.twitter.com/QVDV6FlIMD— Rymond_Inc (@rymondIncKenya) November 27, 2024 So what’s going to happen is these Art degree monetarist morons are going to cause an auction failure and then
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Why would you have your RRP rate above your min FFR target and then not understand why MMMFs won’t fully engage in Tsy markets?
How stupid are these f-ing people?
When Fed did RRP in the first place they created a competing risk free asset class to Tsy securities which was bad enough… but then set the rate higher than your min target?
#Fed officials are mulling a 5 bps cut to the reverse-repo rate to align it with the lower end of the federal funds target range. Nov meeting minutes highlight this as a "technical adjustment" to control the benchmark rate. RRP usage: $148.8B on Tue.#Fed #FOMC #Powell #inflation pic.twitter.com/QVDV6FlIMD
— Rymond_Inc (@rymondIncKenya) November 27, 2024
So what’s going to happen is these Art degree monetarist morons are going to cause an auction failure and then all the other Art degree debt doomsday morons are going to go running all around saying “ no one will loan the US any more money! … no one will loan the US any more money! … “
You watch…