mason ð“„€ ð“…¦ on Nostr: The hilarity of the Fed having to rename the lOER to IORB after moving banks' reserve ...
The hilarity of the Fed having to rename the lOER to IORB after moving banks' reserve requirements from 10% to 0% because otherwise anything over $0 would be considered excess reserves.
$0.50 seems to be the opposite of excessive reserves but that's just my opinion I guess.
Published at
2023-03-30 17:28:36Event JSON
{
"id": "d5723a397e610c0d8f6eb3ce7b56e9003ce6984130ff73d759362cab4285a030",
"pubkey": "5ef92421b5df0ed97df6c1a98fc038ea7962a29e7f33a060f7a8ddeb9ee587e9",
"created_at": 1680197316,
"kind": 1,
"tags": [],
"content": "The hilarity of the Fed having to rename the lOER to IORB after moving banks' reserve requirements from 10% to 0% because otherwise anything over $0 would be considered excess reserves.\n\n$0.50 seems to be the opposite of excessive reserves but that's just my opinion I guess.\n https://nostr.build/i/nostr.build_7d026b5bfeea8916ae869ce17f650c6d8ab5ebe26cdee3f76c0831adcf0a5805.jpg",
"sig": "b2d58a6cfe2ae5bf688251288fb68b5e8c3fbb3c5f065aaa755eaf9713cadbca0714042d8dfd8bab8125b5ce37ba5aaeb687b4cf179fc51c7fa99ff2268961c5"
}
