George Rusnak | Source | Head of Investment Strategy at Wells Fargo Private Bank

George Rusnak

Head of Investment Strategy at Wells Fargo Private Bank and 1 other company
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  • We believe this repo event is in response to a short-term surge in bank demand for liquidity and is not a crisis in confidence similar to that of 2007-2008.

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  • Divided Fed makes a rate cut, moves to end liquidity challenge

    The FOMC voted to cut the target range 25 basis points to 1.75% to 2% as “uncertainties” offset prospects for “sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective.”

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