Treasury’s Record Cash Pile Is Jerome Powell’s $700 Billion Headache
Lettering and a seal for the United States Mint appears on the facade of the U.S. Mint building . (Photographer: Stephen Hilger/Bloomberg News.)

Treasury’s Record Cash Pile Is Jerome Powell’s $700 Billion Headache

(Bloomberg) -- The U.S. Treasury is sitting on a near-record $1.5 trillion pile of cash, and what it does with it has become the biggest wild card for funding markets as quarter-end approaches.
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