Federal Reserve INSANITY!!! What IS the Fed Doing? Luke & Tim Picciott discuss the massive financial consequences of the fed’s recent announcement that they’re lending $1.5 trillion in loans to banks. * Today, March 12, 2020, the Desk will offer $500 billion in a three-month repo operation at 1:30 pm ET that will settle on March 13, 2020. • Tomorrow, the Desk will further offer $500 billion in a three-month repo operation and $500 billion in a one-month repo operation for same day settlement. • Three-month and one-month repo operations for $500 billion will be offered on a weekly basis for the remainder of the monthly schedule. That’s $175 billion / day Further, they discuss the effect this has already had and will likely continue to have on other markets.