Eurodollar University cover image

The Fed's fed funds target isn't about funds, it's about the Fed and it shouldn't be.

Eurodollar University

00:00

I'd Like a Different Attitude on the Overnight Reverse Repo or RRP

Chairman Yellen: I could have a very different attitude on the overnight reverse repo or RRP if somebody clarified and strengthened the argument. They were talking about I-O-E-R being highly necessary to influence credit because as they were saying, it's not so easy and it's straightforward. The federal funds market after 2008 is a shell of its former self. There's really nobody there. In fact, targeting the federal funds rate doesn't make a whole lot of sense at all.

Play episode from 17:23
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app