### Comment:
The US Fed doesn't have cash. It creates cash 
  
 The question is why they have to do this. The repo market should be stable on its own. Something is wrong with the system that it needs the Fed to inject tens of billions a day to keep it working 
  
 Granted, this isn't QE. The money won't stay in the system, but it still shows there's a supply/demand mismatch

### REPLY:
Thanks for the explanation. Is the USD still strong because this isn’t QE?

### END.