It's Here: The Fed New Plan Changes Everything

The Fed keeps having to screw around with what should be its primary job. The Fed is now trying to go back to the past with its Discount Window, hoping to fix it so the program might work this time. Officials are in a bind being forced to unwind the BTFP after unintentionally granting too generous terms. What are they missing? Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU