Stealth QE: New Fed Bank Backstop Has Scope to Inject as Much as $2 Trillion

Stealth QE…

New Fed Bank Backstop Has Scope to Inject as Much as $2 Trillion:

  • Facility unlikely to be used by largest banks: JPM strategists
  • Wrightson ICAP sees window, new facility use rising by $100b

Market observers are on alert to find out just how much extra funding the Federal Reserve’s new bank backstop program will ultimately add into the system, with analysts at JPMorgan Chase & Co. positing that it could inject anywhere up to $2 trillion in liquidity.

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