Joseph Wang on the Fed’s Impact on Money Markets
Macro Musings with David Beckworth
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Is the Fed Taking So Long to Respond?
I remember that incident. There was news about why is the Fed taking so long to respond in the morning like by 9 a.m. or so you guys intervened. You effectively were doing these temporary repo operations, which is now formalized in the standing repo facility. And maybe we could even say a trial run of something similar to that. So when we get to that, I want to ask you a little bit more about the operational details,. How the now permanent facility is set up and what you think about that. But you were on the front line.
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