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Bill Dudley: Get a Grip. The Fed Can Handle the Repo Market
The central bank has plenty of options. One of the world’s most important interest rates has had a tumultuous week. Thanks to a sudden shortage of dollars in a separate market, the federal funds rate – the focal point of the U.S. Federal Reserve’s monetary policy – briefly breached the 2%-to-2.25% range that the central bank was targeting.
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Posted: September 20, 2019 Friday 07:01 AM