Federal Reserve Watch: Securities Portfolio Down $233 Billion
The Federal Reserve continues to raise its policy rate of interest and continues to reduce the size of its balance sheet. Read more here.
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The Federal Reserve continues to raise its policy rate of interest and continues to reduce the size of its balance sheet. Read more here.
<p><span>Chairman Brown, Ranking Member Toomey, and other members of the Committee, thank you for the opportunity to testify today.</span></p>
While the Fed’s current tightening is not exactly a well-kept secret, stock and bond markets seem willing to ignore what the Fed’s left hand is taking away as the right hand is giving. Reverse repurchase agreements, which I have been tracking here, have exploded to a trillion dollars in money that the Fed is sucking out of the financial system. According to John Mason at Seeking Alpha, total reverse repos on the Fed’s balance sheet actually just hit $1.26 trillion this past week: Factors Affecting Reserve Balances of Depository institutions and Condition Statement of Federal Reserve ...
Following directions, right, and you're saying it's a condition, who's giving you the instructions to say what you're saying? >> that's why we thought it was problematic to work with mr. giuliani. >> exactly. who did you work with to say the things you said? did you have conversations with the chief of staff, secretary pompeo to say what you're saying? >> are you talking about in the july 10 meeting? yes, with ambassador volker because of that point, ambassador volker was the one in touch with mr. giuliani, not me. >> you had no direct conversations with mr. mulvaney about this or secretary po...