Birdwatch Note Rating
2023-03-19 03:31:06 UTC - NOT_HELPFUL
Rated by Participant: 081AC5EFD6BE8B234CA81F64A69537BBF603530414D247624F414DC7CE93D274
Participant Details
Original Note:
The Fed opened the discount window that allows banks to post Treasuries/other securities in exchange for cash. A bank can post discount bonds (worth 95) for 100 from the Fed. There is only a modest % of money creation relative to the $300B. https://www.bloomberg.com/news/articles/2023-03-17/what-is-the-fed-discount-window-why-are-banks-using-it-so-much?srnd=premium
All Note Details