Bitcoin Highlighted as Fed Continues Pumping Liquidity Into Economy

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By Jon Buck

liquidity


In spite of news that the economy appears stable, the Federal Reserve Bank of New York (Fed) had continued injecting liquidity into the market. The most recent action involved an almost $58 billion repurchase (repo) agreement.

The agreement took on two parts—one for $26 billion with an overnight term. The second for approximately $32 billion carried a term of 14 days.


Fed Pumping in Cash

The Fed’s policy of repo agreements was moving in earnest before the 2008 financial crisis. These short term collateralized loans are designed to push cash into banking institutions. With the securities as collateral, the loan is low-risk for the Fed but helps the bank with liquidity issues.

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