Right. Opinion vs opinion by analyst. I could've worded my post better, sorry. I was wondering (before I posted that article) if there had been some announcement by the Fed that I had missed. I see now that it was mostly Chase analyst speculation.Your own article states, contrary to the headline:
Lou Crandall at Wrightson ICAP appears more circumspect about how quickly banks will ramp up their funding from the new facility. His reserve balance projections assume that combined activity at the discount window and the new Bank Term Funding Program rose by roughly $100 billion over the past week. That would take it above the discount window’s previous highs for the year to levels last seen amid the pandemic-related upheaval of 2020.
Data released yesterday afternoon supports this view rather than the projections from JPM.