The Fed's Liquidity Pump

Are we still now seeing that liquidity sucked back out? Are they still lending to banks and bailing them out? Or was that sort of, did it end up being the nothing burger we didn't expect it to be? Yeah. I mean, the Treasury has done a good job of issuing hundreds of billions of dollars worth of short term T bills in the last few weeks. They had to refill the TGA. We all know this. The debt ceiling was cleared and the Treasury had spent all its money. And so they literally had no money in their checking account. So where do they get that money from? They've got to float treasuries and they're doing an exceptional job

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