Reported about 11 hours ago
A Federal Reserve Bank of New York official, Roberto Perli, urged financial firms to utilize the Standing Repo Facility (SRF) to enhance market liquidity and support monetary policy. The SRF, operational since 2021, provides quick cash for Treasury securities, but has seen limited use as markets remain liquid. Perli announced plans for daily morning SRF operations to improve its effectiveness amid tightening money market conditions.
Source: YAHOO