29sec snip

Forward Guidance cover image

The Fate Of The Fed's Balance Sheet | Lou Crandall & Joseph Wang on Draining of Reverse Repo (RRP) Facility, Timeline of QT Taper, and 2024 Tax Refund Data

Forward Guidance

NOTE

Sunsetting concessionary loan program for financial institutions

The rate on new BTFP loans will significantly increase over the next month or two, no longer being below market rates. The original terms were concessionary to support financial systems, but it is now unjustifiable to continue providing such concessions.

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