There Will Be Other Exits Apparently

By |2014-11-24T18:42:19-05:00November 24th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

There were already operational problems in September when the Fed capped the limit on its reverse repo program, so in retrospect it isn’t all that surprising that it is being downplayed now. As the FOMC supposedly moves toward a rate increase, it is confronted with a very real problem in that the federal funds rate, the interest rate that has [...]