NY Fed sets out stall on reverse repos


The New York Federal Reserve on Monday detailed how it could use reverse repurchase operations to withdraw the exceptional monetary support it has provided to financial markets.

Reverse repos have in recent months increasingly been touted as one possible way in which the Fed could exit from the exceptional support it has provided to banks throughout the turmoil.

The central bank said it had been working internally and with financial institutions on the operational aspects of reverse repos to ens

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