Markets

A former Fed chief lays out his grand solution to stabilise the repo market

The Federal Reserve should implement a standing repurchase-agreement, or repo, facility to better stabilise overnight lending markets, former New York Fed chair William Dudley wrote in a Bloomberg Opinion column. The former central bank president argued that, though the Fed’s capital injections have pulled its key lending rate back into […]
A former Fed chief lays out his grand solution to stabilise the repo market