Comments from Harker:
- Fed's efforts to boost liquidity calmed repo markets and made year-end a non-event
- Banks remain reluctant to borrow from the discount window
- Discussions over potential standing repo facility are still very much in the discourse phase, not decision making phase
- Banks remain reluctant to borrow from the discount window
Update: Harker says rater are in a good place unless there is a substantial change in inflation.
