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....
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