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.
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