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Commercial Banks Taper Treasury Purchases | Joseph Wang & DC Analyst
Forward Guidance
The Fed's Standing Repo Facility
The Fed has this new Standing repo facility that's basically willing to lend. Basically, unlimited amounts of money into the repo market through the primary dealers. The way that the Fed does things is they don't want to ever say unlimited. And if it really gets close to a really big number, they will pick even bigger number. That's what happened with the RFP.
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