The Repo man strikes images of an individual driving a tow truck seeking to repossess the asset that was used to secure a loan…the car. In this case, repo is not the same..well sort of.
Repurchase agreements, better known as repos, take place when the central bank purchases the bank’s debt from the balance sheet. This is done to provide the banks more liquidity. The cash given is lower than the valued amount of the debt. In short, it expands the monetary base, which by strict definition, it is inflation.
The New York Fed has reported that another round of repos has taken place. It is at the tune of $108 billion. Read more here: https://www.fnlondon.com/articles/new-york-fed-pumps-108-9bn-in-to-repo-markets-20191128
And a snippet of the details from the New York Fed here:
Good luck saving for retirement in this environment!