29th July 2021

  • Powell Sees Progress on Taper Conditions Though a Ways to Go

FOMC to ‘continue to assess progress in coming meetings’

Fed establishes two standing repurchase-agreement facilities

https://blinks.bloomberg.com/news/stories/QWZ1I8T1UM13

  • Senators Reach Infrastructure Deal; Schumer Preps First Vote

Deal comes after resolving transit, broadband differences

Agreement still faces challenges in Senate and House

https://blinks.bloomberg.com/news/stories/QWZ5VXT1UM0W

  • Senators Eye Cryptocurrency Taxes to Fund Infrastructure Plan

Transactions of $10,000 or more would be reported to IRS

Crypto measures would raise $28 billion to offset plan costs

https://blinks.bloomberg.com/news/stories/QWZBO9T0G1L0

  • Geithner Panel Warns of More Treasuries Meltdowns Without Reform

G-30 panel urges standing Fed repo, more central clearing

Group calls for review of rules inhibiting market making

https://blinks.bloomberg.com/news/stories/QWZ19HT0AFBF

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