Analysis: Repo chaos tests Wall Street confidence in NY Fed’s Williams

By Jonnelle Marte, Ann Saphir and Megan Davies (Reuters) - Wild swings this week in U.S. money markets have raised fresh concerns about whether the New York Federal Reserve under John Williams has lost its deft touch with markets. The New York Fed had to intervene in cash markets this week when the repo rate, a key measure of liquidity in the global banking system, sky-rocketed, forcing the Fed to make an emergency injection of more than $125 billion on Tuesday and Wednesday

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