Federal Reserve

What Powell said About Negative Interest Rates, Their Effect on Banks, Jawboning, and Why the Fed Might Not Buy a Lot of Junk Bonds

by Wolf Richter • May 13, 2020 • 150 Comments

The reasons behind the Fed’s No-NIRP stance: It doesn’t work and kills bank stocks. One of the most revealing statements.

Fed Cuts QE Helicopter Money for Wall Street Further. Still Hasn’t Bought Junk Bonds or ETFs. Was Just Jawboning

by Wolf Richter • May 8, 2020 • 90 Comments

Loans to “SPVs” declined to lowest since March 25.

Nothing’s Fixed: What’s Behind the Corporate Debt Bailout

by Wolf Richter • May 6, 2020 • 72 Comments

Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it (transcript of my podcast).

THE WOLF STREET REPORT: Nothing’s Fixed – What’s Behind the Corporate Debt Bailout

by Wolf Richter • May 3, 2020 • 177 Comments

Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

by Wolf Richter • Apr 30, 2020 • 132 Comments

Fed shed MBS. Loans to “SPVs” flat for fifth week. Repos in disuse. Fed still hasn’t bought junk bonds, stocks, or ETFs. But it sure sent Wall Street dreaming.