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Quick on the heels of its $1.9tln stimulus package, the Biden White House is now doubling down on another $3tln infrastructure package.
With respect to the SLR exemption that the Fed decided not to extend, the Fed did say that it would review the SLR requirements.
With respect to Gold specifically, the NSFR will significantly penalize Bullion Banks holding Gold in unallocated accounts relative to fully allocated accounts.