Fed Injects $125B in Five Days as Banks Tap SRF; John Williams Signals Balance‑Sheet Expansion Could Be Next (November 7, 2025)
Dateline — November 7, 2025. The Federal Reserve’s money‑market backstop has roared to life at month‑end and into this week. Banks drew on the Standing Repo Facility (SRF) in record size at the turn of October, part of a roughly $125 billion burst of short‑term liquidity across five trading days aimed at smoothing funding markets and averting a broader credit squeeze. Today, New York…