Fed’s Tools Showing Signs of Stress Against the Cash Onslaught

Bloomberg, May 21, 2021–Alex Harris
The deluge of cash in the short-end is threatening to create fissures in the Federal Reserve’s key rates corridor, increasing chances policy makers will be forced to adjust their tools to defend the floor.
https://www.bloomberg.com/news/articles/2021-05-21/fed-s-tools-showing-signs-of-stress-against-the-cash-onslaught?srnd=premium