Cloud Y

🔔🔔🔔 Here is my long-form article on question of why Standing Repo Facility may potentially be one of the most important tools for the Federal Reserve in the post-QT era, featuring @DavidBeckworth @dandolfa's excellent insights ‼️‼️ 👉 econreporter.substack.com/p/standing-rep…

Explainer on Fed's Reserve Management Purchases RMP is a form of open market operations under which the Federal Reserve injects reserves into the banking system through “permanent” asset purchases with an aim to ensure the level of reserves remain “ample“ en.econreporter.com/57573/fed-rese…

A 40 basis point (bps) drop in the unemployment rate is substantial in Canada. 🇨🇦 An improvement of this magnitude was last seen at November 2005, outside the period of COVID distortions seen between from 2020 and mid-2022 🫴 en.econreporter.com/57547/canada-l…

Why the Fed's Standing Repo Facility Isn't for Daily Use: An Explainer substack.com/home/post/p-17…

A potential problem with ending QT while the SRF hasn’t yet been seriously used is that the market may infer that the Fed is not comfortable with the interest rate ceiling tool acting as a regular overnight liquidity provider. en.econreporter.com/57452/fed-ends…

We are now talking about Trump appointees may soon get Fed Board majority now, given the Lisa Cook case and I actually wrote about it *check notes* a month earlier 🌝🌝🌝🌝🌝

The major difference between Fed governors and reserve bank presidents is simple... ... one set doesn't go on Odd Lots while another set does

@TheStalwart @IrvingSwisher actually, can we have the long form video on youtube? i mean... you guys dressed up! it's a waste we can't get to see it! (BTW, i want to see Tracy's face when she talked about yelling to Powell's secret service agent)🌝

Chatting with @irvingswisher in our new studio.

@TheStalwart @tracyalloway @BeachWW453 at the very end there, joe you interrupted tracy's flow of ONS trying to adopt scanner data on CPI actually can you guys pick it up again... cuz BLS also doesn't use scanner data actually!! and the reason back in the early 2010s was that "it was too expensive"!!

*SPECIAL ODD LOTS* @tracyalloway and I talked to former BLS Commissioner @BeachWW453 -- who was appointed by Trump in 2017 -- about Trump's firing of the BLS Chief, the politicization of economic data, and why and how labor data gets revised each month podcasts.apple.com/us/podcast/bil…

@tracyalloway @TheStalwart @nytimes @benjwallace @business @carmenarmen @dashbot @CaleBroooks I think this is the time for someone to write an origin story of you!! haha

Absolutely surreal day for me and @TheStalwart Thanks @nytimes for the interest, @benjwallace for capturing the spirit of the pod, @business for letting us run with it, and our producers @carmenarmen, @dashbot & @CaleBroooks for keeping us going. nytimes.com/2025/08/03/bus…

still, I think an important point that Hong Kong financial system liquidity is no longer solely determined by Aggregate Balance is a point missing in all these analysis~ So it failed to explain how "HKMA controls the interest rate" but I am here to help #google_vignette" target="_blank" rel="nofollow noopener">en.econreporter.com/57354/unusuall…

... for example on why carry trade doesn't close the interest rate gap still, point 3 on this slide is very important...

Torsten Slok today does a take on Hong Kong dollar peg, and while certainty points are worth considering... apolloacademy.com/the-daily-spar…

Trying to Soften Up the Federal Reserve conversableeconomist.com/2025/07/22/try…

Everyone on Twitter was so excited by the idea. But Andolfatto told me, it was absolutely not the case inside the Fed

Here is my latest on the Fed's Standing Repo Facility, featuring 1️⃣ some fun anecdotes about its origins from David Andolfatto ✌️ discussion about its current state 3️⃣its potential as the star of the Fed's interest rate regime 4️⃣and why it can't... econreporter.substack.com/p/standing-rep…

in the end, the repo crisis of Sept 2019 forced the economists inside the Fed to rethink the whole idea Andolfatto has a very interesting anecdote about that particular day — Sept 17, 2019 — the day Fed lost control of money market rates... and was the day of a FOMC meeting

🔔🔔🔔 Here is my long-form article on question of why Standing Repo Facility may potentially be one of the most important tools for the Federal Reserve in the post-QT era, featuring @DavidBeckworth @dandolfa's excellent insights ‼️‼️ 👉 econreporter.substack.com/p/standing-rep…