While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank will reduce interest rates to zero in 2020. Additionally, former Fed researchers believe the central bank needs to create a “standing repo facility” so private financial institutions can convert securities into fresh fiat reserves whenever they please.
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Federal Reserve Injects Another $100 Billion Into the Hands of Commercial Banks, While Analyst Believe Interest Rates Will Be Slashed to Zero
At the moment, most of the world is focused on the escalated tensions between America and Iran. Since the Iranian leader Qassem Soleimani was droned by American forces, safe-haven assets – precious metals like gold, oil, and cryptocurrencies have jumped in…