An Urgent, Unplanned Fed Meeting Just Happened – Something Is Breaking
An Urgent, Unplanned Fed Meeting Just Happened – Something Is Breaking | Michelle Makori
Miles Franklin Media: 11-20-2025
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, breaks down a quiet, unplanned meeting the Federal Reserve held with America’s top primary dealers and why it signals growing stress in the financial system.
Michelle explains what a repo market is, why the strain is returning to levels last seen in 2018-2019 and why the Standing Repo Facility – created specifically to stop crises – isn’t being used.
This is a warning shot from deep inside the plumbing of the financial system and it matters for every asset class.
Watch Michelle’s full breakdown to understand what’s coming next and why something in the system is already cracking.
00:00 Introduction: The Secret Meeting at the New York Fed
00:50 Understanding the Repo Market
02:03 Back to the New York Fed Meeting
02:35 The Fed's Standing Repo Facility
03:12 Liquidity Injection & Its Impact
04:59 The Fed's Next Moves
05:37 Gold & Market Instability
06:33 Conclusion: The Real Story