Julie Hill on the History and Recent Developments of Fed Master Accounts
Macro Musings with David Beckworth
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What Should the Fed Do About Custodia?
The process to get a Fedmaster account is not very predictable, he says. "It shouldn't be that people who want access to the payment system wait more than five years for a decision" The federal reserve ought to be transparent about what they want and are looking for, Lomax says.
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