Bill Nelson on the Fed’s Discount Window Lending, the Overnight Reverse Repo Facility, and the Shifting Size of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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The Fed's Collateral Requirements
The history of central banking this is very different. This goes against the grain all the way back to Badger right I mean this seems very different and in some people were saying this is a revolutionary change in how the central banks will operate going forward now you know it may be just a bump in the road and we forget about it in a few years but maybe it does open the door to the central banks of the world and advanced economies being creative with collateral at face value even though it may be 80 cents in the dollar so were you shocked by this and should we be shocked by this? We've covered 13 3 13 13 10 B of the Federal Reserve Act so this is really great stuff now
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