Macro Lit Review 2: Highlights from Late 2022 with George Selgin
Macro Musings with David Beckworth
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Fed Master Account Development - What's the Latest?
The Master Account controversy has to do with broadening access to the Federal Reserve's wholesale payment services. There are plenty of payment service providers that exist already, but do not have direct access to the Fed if they have to operate through bank correspondence. A number of these firms have gotten banking licenses of some kind which make them legally eligible for Fed Master Accounts.
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