Fed Discount Window Weekly Update
This week’s Primary Credit activity at the Fed’s Discount Window:
This week’s primary credit balance was $6.7 billion, up slightly from $6.4 billion the week prior.
The Fed is a rudderless ship with feckless leadership. An effective Fed Chair would get out of the way and allow the market to set rates. An effective Fed Chair would not orchestrate bank bailouts, broad corporate bailouts, would not artificially suppress rates, would not buy equities through ETFs, and would not print money at such an accelerated pace (Q1 2020 - Q2 2022), among many other anti-free market actions the Fed has taken since 2009, in particular since Q1 2020.
Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1: https://www.federalreserve.gov/releases/h41/current/