The New York Fed Has Quietly Staffed Up a Second Trading Floor Near the S&P 500 Futures Market in Chicago

By Pam Martens and Russ Martens: January 31, 2022 ~ On January 11, Simon & Schuster released a new book on the Fed. It’s written by bestselling author and business reporter, Christopher Leonard. The title leaves little doubt about what the author has set out to prove: The Lords of Easy Money: How the Federal Reserve Broke the American Economy. For those of us who have been scrutinizing the trading operations of the New York Fed for decades, with the appropriate amount of skepticism that is inexplicably missing among the mainstream press, Leonard delivers a bombshell on page 242. Leonard writes: “The conference room in the New York Fed was located just off the main trading floor, and its doors were open during meetings so people could quietly go in and out. The room was anchored by a large table, with a couch along the wall for staffers to sit with … Continue reading The New York Fed Has Quietly Staffed Up a Second Trading Floor Near the S&P 500 Futures Market in Chicago