Tag Archive for Correspondents

Far Goes Katchadakota

Michael Derby had a piece in the Journal covering Minneapolis Fed Pres Catchadodgedakota saying the new Fed asset buys won’t do much. That’s a misdirection play, because the Fed is already levitating the market with QL 1.5. It is not what or how much the Fed buys that matters. Purchases from Primary Dealers goose the…