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.
