The minutes from the Federal Open Market Committee (FOMC) meeting held in December indicate that the members of the Federal Reserve are increasingly concerned about the possibility that short-term funding markets may experience a disruption or a freeze, which could hinder liquidity and potentially destabilize the financial system. This apprehension highlights the Fed's vigilance regarding economic conditions and the need to monitor the behavior of short-term borrowing and lending, as a lack of available funds could lead to broader economic challenges.
source: https://www.coindesk.com/policy/2026/01/01/december-fomc-minutes-show-the-fed-is-worried-short-term-funding-could-seize-up