Wesbury: Repo Madness
In this issue of The Institutional Risk Analyst, we republish a commentary by Brian Wesbury, Chief Economist at First Trust Advisors, regarding the role of bank regulations in causing the liquidity squeeze in short term markets earlier this week. When Fed Chairman Jerome Powell says there is no connection between market tightness and monetary policy, he is right. The culprit is bank regulations that restrict the ability of banks to provide liquidity to the markets, as we wro