Steven Kelly on Crises, Stability, and the Fed’s Role in Financial Markets
Macro Musings with David Beckworth
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Are You Still Concerned About Standing Rip of Facility?
The standing ripo facility plays a role in expectation management. Some regional banks didn't want to get into it because of regulatory requirements and the way it affects their balance sheets, he says. If the s r f can be effective, the feds balance sheet can get a lot smaller,. He adds: "There's an incentive for the market to be able to implement monetary policy"
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