by Adam Copeland, Darrell Duffie, Yilin (David) Yangvia Federal Reserve Bank of New York
Monday, July 12, 2021
The Federal Reserve's “balance-sheet normalization,” which reduced aggregate reserves between 2017 and September 2019, increased repo rate distortions, the severity of rate spikes, and intraday payment timing stresses, culminating with a significant disruption in Treasury repo markets in mid-September 2019.
There are good reasons to doubt that the 2020s will be roaring in any sense at all, good or bad. Rather, the remainder of the decade may prove distinctly boring. (Niall’s piece is the 11th down the list.)
The Chief Executive Officer for ExcelinEd, Patricia Levesque, joins Paul E. Peterson to discuss recent legislative changes to school choice in Florida, as well as advances in options around the country.
Cybersecurity experts called for companies including Kaseya—the remote computer management software provider whose customers were exposed in a major ransomware attack this past weekend—to stop encouraging users to take security shortcuts.
