by Summary:
Not good!The regional Feds are calling for higher discount lending rates even though borrowings are at 0! According to the Fed minutes from the discount rate meeting (different from the FOMC minutes), four of the Fed banks called for a hike in the discount rate. It’s the emergency rate at which banks could borrow directly from the Fed’s discount window – currently at 1%. This disclosure suggests that the Fed is becoming increasingly hawkish.
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Not good!The regional Feds are calling for higher discount lending rates even though borrowings are at 0! According to the Fed minutes from the discount rate meeting (different from the FOMC minutes), four of the Fed banks called for a hike in the discount rate. It’s the emergency rate at which banks could borrow directly from the Fed’s discount window – currently at 1%. This disclosure suggests that the Fed is becoming increasingly hawkish.
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Merijn T. Knibbe writes Christmas thoughts about counting the dead in zones of armed conflict.
Lars Pålsson Syll writes Mainstream distribution myths
Dean Baker writes Health insurance killing: Economics does have something to say
Lars Pålsson Syll writes Debunking mathematical economics
Not good!
The regional Feds are calling for higher discount lending rates even though borrowings are at 0!
According to the Fed minutes from the discount rate meeting (different from the FOMC minutes), four of the Fed banks called for a hike in the discount rate. It’s the emergency rate at which banks could borrow directly from the Fed’s discount window – currently at 1%. This disclosure suggests that the Fed is becoming increasingly hawkish.
