Money Market Fund Assets (MMFA) surged $70.5 billion last week to a record $6.111 TN. MMFA have ballooned $1.553 TN, or 34.1%, since the Fed initiated its "tightening" cycle in March 2022. In just over four years since the onset of the pandemic, MMFA have inflated $2.477 TN, or 68.2%. April 5 - Bloomberg (Christopher Anstey): "Former Treasury Secretary Lawrence Summers said that the surge in US payrolls in March illustrates that the Federal Reserve is well off in its estimate of where the neutral interest rate is, and cautioned against any move to lower rates in June.