Fed's Harker: Sept turmoil showed pool of reserves needed was larger than thought

Author: Adam Button | Category: Central Banks

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.

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