53:11

EssentialDanielle DiMartino Booth

Why the Fed's Repo Operations Are Not More QE

Featuring Lacy Hunt

Feb 28, 2020 • 53 minutes

639

18

Essential

Danielle DiMartino Booth

Why the Fed's Repo Operations Are Not More QE

Lacy Hunt tells Danielle DiMartino Booth of Quill Intelligence why the latest version of the Fed's monetary policy is not more quantitative easing.

Featuring Lacy Hunt

Feb 28, 2020 • 53 minutes

Since the Federal Reserve began repurchase operations late last summer, many members of the media, market participants, and spectators alike have been up in arms over this recent round of Fed balance sheet expansion - calling it another round of QE. Lacy Hunt, chief economist at Hoisington Investment Management Co., tells Danielle DiMartino Booth of Quill Intelligence why the latest version of the Fed's monetary policy is not more quantitative easing. Hunt argues that, in fact, the Fed's repo operations are an effort to keep the banking system alive. He tells DiMartino Booth about the limits to Fed balance sheet expansion and answers the question, "Can the Federal Reserve Act be modernized?" Hunt explains his reasoning by tying together repo rates, yield curve inversion, and the impact that the law of diminishing returns has on the banking system, credit, and equity markets. Filmed on February 7, 2020 in Austin, Texas. Show More

Danielle DiMartino Booth, a former advisor at the Federal Reserve, channels her rare experience and uncanny ability to distill tremendous amounts of information for the benefit of investors. Her series will help you understand the complex world of central banking and how it impacts Wall Street and Main Street alike.

More Episodes

Danielle DiMartino Booth, a former advisor at the Federal Reserve, channels her rare experience and uncanny ability to distill tremendous amounts of information for the benefit of investors. Her series will help you understand the complex world of central banking and how it impacts Wall Street and Main Street alike.

More Episodes

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