Bloomberg Television published this video item, entitled “Powell Seeks to Avert Repeat of 2019 Repo Market Seizure” – below is their description.
As the Federal Reserve shrinks its balance sheet, Chair Jerome Powell has assured lawmakers he’s committed to avoiding a repeat of 2019 — when the repo market, a key part of US financial plumbing, seized up. But Wall Street economists and strategists caution that quantitative tightening remains complex and hard to predict.
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