Fed Has No Choice But to Tackle Both Repo and Recession

(Bloomberg Opinion) -- Heading into October, it was clear Federal Reserve officials would face a difficult decision at their meeting at the end of the month. Just one day into October, the challenges have already become even more intense. Analysts have been expecting that Fed policy makers would probably announce a plan on Oct. 30, after their two-day meeting, to expand the size of the central bank’s balance sheet. The questions would simply have been by how much and whether