Friday, October 21, 2022

Fed transferring $4B per week

 

This another way to look at it… Fed is transferring more USD balances to non-govt than Treasury would if the Fed owned zero assets… 



Somewhat of a non Congress approved fiscal transfer…

where are these transfers going?  To IOR and RRP… IOR going to Depositories as additional accrued Capital and RRP interest going to USD savers in Money Market Mutual Funds…

Should increase from $4b to $6b per week within a couple of months…  🤑🧟‍♂️


No comments: