posted November 21, 2020 04:55 PM            

This might be a preliminary step to removing the Fed.

If I understand this, almost a half of trillion dollars ($454B) was or will be transferred.

That has to hurt someone.

If it's indirectly related to the market, the market can go down.

I'm wondering if this is related to the theorized inside job (see other thread).

It does seem to be going against sanctuary cities.

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November 20, 2020

Federal Reserve To Wind Down Pandemic Programs After Rare Clash With Treasury

The programs the Treasury requested to wind down include one that supports short-term debt issued by states and municipalities as well as one that lends to small and medium-size businesses.

But in a rare dissent Thursday, the Fed issued a statement noting it "would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy."