RRP is definitely running low, but I'd be surprised if the Fed goes back to QE anytime too soon. Earliest I think would be summer '26, and only if we see a broader liquidity issue emerge.
Investing.com
 @Investingcom
Nov 7
*FED'S WILLIAMS: FED MAY SOON NEED TO EXPAND BALANCE SHEET FOR LIQUIDITY NEEDS

Nov 7, 2025 · 9:20 PM UTC

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Replying to @Mayhem4Markets
Does history repeat itself?
Replying to @Mayhem4Markets
How long before Trump can appoint a majority on the FOMC? That will give you the answer of when.
Replying to @Mayhem4Markets
i think it'll be hardly noticed, small amounts and indeed only when needed and perhaps another form of "no QE"
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