Fed may make Fima permanent- SF president Daly

US policy-makers are considering making one of the Fed’s major emergency responses to the Covid-19 pandemic permanent and may also create a new repurchase facility, the Federal Reserve of San Francisco president said.

Mary Daly told an audience on April 15 that policy-makers were discussing several possible reforms for markets for US government debt securities, or Treasuries. They might make the Fed’s Foreign and International Monetary Authorities Repo Facility (Fima) permanent.

The programme

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