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The Fed's Overnight Reverse Repo Facility - Is That a Concern?
There is currently some concern about this idea of lots of excess reserves just sort of sloshing away in the financial system, showing up on bank balance sheets. Is that a concern for you when it comes to the fed's acet purchase programme? Or does it not really registers a something that's top of mind? You know, we paid close attention to it, and i know the overnight reverse repo facilities been geting a lot of attention because the volumes are going up. And so i think this is not, it doesn't strike me as highly concerning. It's kind of understand especially when the fad made a technical adjustment and raised the rate that it pays on reserves after the last meeting