New York Fed met with Wall Street firms about key lending facility: FT

Key Points

New York Federal Reserve President John Williams met with Wall Street’s dealers last week about a key lending facility, the Financial Times reported, citing three individuals familiar with the matter.
The meeting included representatives from many of the 25 primary dealers from banks that underwrite the government’s debt, according to the report.
Williams sought feedback from these dealers on the use of the Fed’s standing repo facility, a permanent lending tool that acts as a backstop for markets.

Source

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