The Fed Still Hasn't Fired their Secret Weapon
The Fed has a secret weapon worth $1.8 trillion that they can force back into the bond market at any time they choose. It's only a matter of time until the craziness forces them to lower the reverse repo rate to zero again, which will force all that cash back out into the market and put downward pressure on interest rates - at least for a short amount of time.
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#endthefed #inflation #bonds
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