Buzzing around the banking system and the monetary ledgers - especially the digital ones 🏦🔜📱
The GENIUS Act, two kinds of money, and who controls the dollar that leaves the Fed The announcement 🚨 This week the Banks answered the Treasury with a product of their own: a shared deposit token,
QE in District 2 is just two guys at JPM down the hallway from each other. One takes down the Treasuries the government just auctioned. The other sells them to the Fed desk a short walk away. Cash
Money Market Funds (S123.s) · Money Market Fund Shares (F521.s) · Federal Funds & Security Repo (F4.1.s) A money market fund is supposed to be the boring place you park cash. You sell a share. The
The Fed’s Balance Sheet in the Crisis: From “Normal” to $2.25 Trillion A fully disaggregated weekly look at the H.4.1 data, January 2007 – December 2009. The crisis did not arrive as one event. It
For almost two decades the public has been told that the Federal Reserve controls its 2% inflation target by adjusting the federal funds rate - Raise the rates and prices will fall. Cut the rates and
