Forward Guidance cover image

Lou Crandall & Joseph Wang: A Monetary Plumbing Masterclass

Forward Guidance

00:00

The Fed's RFP Facility Is an Enormous Source of Flexibility

The RFP facility itself is an enormous source of flexibility. Central bank policy has been based around the idea that you want to stabilize overnight interest rates and exercise as much control as possible. The current counterpart-y limits in the RRP facility are a very, very remote backstop," he says.

Transcript
Play full episode

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