Financial Times (September 20)
2019/ 09/ 22 by jd in Global News
“Shock and confusion” resulted when overnight repo rates soared to 10%. The Fed was able to calm markets, but the situation is a reminder. “The more that QE (and its partial reversal) reshapes global finance, the greater the risk that the cogs in the machine unexpectedly misfire. That is no reason to panic. But central bank pilots—like investors—are learning on the job. Better hope they stay completely alert.
Tags: 10%, Central banks, Confusion, Fed, Global finance, Misfire, Panic, QE, Repo, Risk, Shock, Unexpected
