Fed Advances Discussion On Exit Strategy: FOMC Minutes - Presented by: The Aol. On Network

The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, appearing near agreement on a three-pronged strategy to manage interest rates in the future, according to minutes of the last Fed policy meeting. The new reverse repo facility, which remains in test phase but is expected to be formally adopted, is designed to control cash held by money market funds and mortgage agencies that can’t deposit money with the Fed, not just banks.



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