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    Bill Jorth (wdjorth@mastodon.online)'s status on Tuesday, 10-Jun-2025 22:31:07 JST Bill Jorth Bill Jorth
    in reply to

    From Elizabeth Warren: “…American families are worried about a potential recession, President Trump and Congressional Republicans are trying to eliminate the Office of Financial Research and destroy the Financial Stability Oversight Council with their “Big, Beautiful Bill.”” (1/2)

    In conversation about 9 months ago from mastodon.online permalink
    • Embed this notice
      Bill Jorth (wdjorth@mastodon.online)'s status on Tuesday, 10-Jun-2025 22:31:08 JST Bill Jorth Bill Jorth

      The “One Big Beautiful Bill Act” Eliminates the Office of Financial Research—Threatening the Stability of the Treasury Market https://www.crisesnotes.com/the-one-big-beautiful-bill-act-eliminates-the-office-of-financial-research/

      In conversation about 9 months ago permalink

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        The “One Big Beautiful Bill Act” Eliminates the Office of Financial Research—Threatening the Stability of the Treasury Market
        Early last week I started working on a piece on why the Federal Reserve didn’t step in during the Trump Tariff Financial Panic. The basic idea of that piece is simply that “repo rates”- the interest rate at which you can, in essence, borrow funds with treasury securities
      Steve's Place repeated this.

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