Should the Federal Reserve Target the Repo Rate Over the Fed Funds Rate?

Posted on 09/27/2019

On September 26, 2019, the Federal Reserve Bank of New York plugged in US$ 110.1 billion into the global financial system via repurchase agreements (repo) to assist in relieving pressure in money markets. These banks requested US$ 72.75 billion in 14-day cash loans, US$ 12.75 billion more than the amount offered by the Federal Reserve […]