a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by ahosai
ahosai  ·  1467 days ago  ·  link  ·    ·  parent  ·  post: NY Fed says it will offer $1 trillion in daily repo operations for rest of the month

The fed is also reducing bank reserve requirements to zero on March 26th with no plans to reverse this change anytime in the future. This more or less kills the fractional reserve system and theoretically allows banks to lend without limit.

https://www.federalreserve.gov/monetarypolicy/reservereq.htm