Fed withdraws from repo market after 10 months

Fed withdraws from repo market after 10 months

The US Federal Reserve’s unprecedented 10-month intervention in short-term borrowing markets has been wound down, after the central bank successfully tamed volatile funding costs that had threatened to cause disruption across the financial system.  The volume of the Fed’s operations in the repo market, where investors swap high-quality collateral like US Treasuries for cash, fell […]