Correction to prior post

Sorry, not a bill pass.? It was an outright sale, probably to adjust for the increase in the TAF.? Thanks to jck at Alea for correcting me.

So, still no permanent injection of liquidity since 5/7/2007.? This has to be a record, particularly in a loosening cycle.? One month ago, I asked the NY Fed if it was a record.? They never responded to me.

One thought on “Correction to prior post

  1. Hello David,

    Would you mind putting post together fully explaining the ramifications of this. I’ve been following along since you first started mentioning it so many months ago, but I never really understood what the point of it is. In other words, why does it matter, or perhaps from the Fed’s perspective not matter?

    Many thanks.

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