Lorie Logan on Monetary Policy Operations, the Fed’s New Standing Repo Facility, and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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The Standing Repo Facility and the Fima Ripo Facility
The standing repo facility and the fima ripo facility have been made permanent. The facilities were implemented to support effective policy limitation by limiting potential pressures in repo or in global dollar funding markets, to spill back to the fed funds market. "Repo won't fully substitute for outright sales of securities, but they can meaningfully, i think, limit the potential for disruption," says Ounow.
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