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kleinbl00 · 1493 days ago · link · · parent · post: NY Fed says it will offer $1 trillion in daily repo operations for rest of the month
Nobody wants to lend their money because they'd rather hang onto what money they have. So the Fed is basically saying "we will make sure there is always money to lend by providing up to a trillion dollars in extra money between now and April first." Note that these are overnight loans, so it's not like they're just... printing money. That job falls to Mitch McConnell.