AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Return Of The Bull Market? | On The Margin Round Up
Forward Guidance
The Fed's Role in Liquidity
I don't think that the Federal Reserve is intentionally targeting a certain level of this. The facilities that the Fed has set up, like the reverse repo facility, or the discount window, it's up to the banks to take up how much lending they want. If JP Morgan wanted to borrow $100 billion tomorrow via thediscount window, it could. It just wouldn't make sense because their cash is close to zero. And that discount window funding would cost 5%. So when people put money in or out of thereverse repo facility, it's not really the Federal Reserve quote doing it. It's just the facilities just there. But I think that for liquidity to continue to increase, the
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode