Joe Rennison

In this engaging discussion, Joe Rennison, a Financial Times journalist with deep insights into finance, unpacks recent strains in the repo market. He highlights how unexpected cash shortages led to a spike in repo rates, signaling financial stress. Rennison also explains the Federal Reserve's crucial $53 billion liquidity injection to restore stability and navigates the complex challenges of unwinding quantitative easing policies. The conversation emphasizes the precarious balance the Fed must maintain amid economic uncertainty.