FOMC considering repo market tools, minutes show

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The Federal Open Markets Committee may add a new repo market intervention to its policy framework, according to the recently-released minutes of its October 29 and 30 meeting.

The FOMC is considering two possible options to prevent further sudden repo rate rises, like those in mid-September, which forced the Federal funds rate up.

The first option under consideration is conducting “modestly sized” and “relatively frequent” repo operations to provide a degree of readiness should large demands

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