The Fed is intervening in repo markets every single day barely able to keep the effective Fed funds rate at target. They’ve already cut rates twice and are already expanding their balance sheet. Without these interventions markets and the economy would fall apart. That’s the message that is being sent.

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due to his age and health, but his family has questioned the delay in his release from prison. Downing Street has previously said Mr Cameron is personally intervening in the "extremely concerning".

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