Bill Nelson on the Fed’s Discount Window Lending, the Overnight Reverse Repo Facility, and the Shifting Size of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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The Federal Reserve's Overnight Reverse Repo Facility
Bank term funding program is a temporary emergency facility it's not going to probably be around forever but I think your bigger point is well all of these things really should be done to the discount window if it were set up properly. It could be a one-stop shopping place if it were working the right way that's right and except for that then you get into the issue of sort of lending to primary dealers or other brokers and issues of treasury market functioning.Yeah and to be fair I recognize the bank term funding program was put in place after September 2019 repo turmoil took place at the U.S. Federal Reserve system. Within the federal reserve system there are 11 districts that don't have
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