FOMC considers using repo facility

Federal Reserve Bank of Atlanta eagle

The Federal Open Market Committee is assessing a new tool but several officials are unconvinced of its effectiveness, the minutes of its June 18 and 19 meeting reveal.

The FOMC is currently exploring the idea of introducing a standing repurchase agreement (repo) facility as part of its long-running monetary policy framework.

The repo facility’s advocates say it would give the FOMC greater control over market rates and reduce the demand for bank reserves. It would do this by providing a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: