The Federal Reserve held its target range at 3.75%-4%, with the interest rate on balances at 3.9% and the fixed repo rate at 4%. Its directive permits purchases of Treasury bills if necessary to maintain ample reserves.
The Federal Reserve held its target range at 3.75%-4%, with the interest rate on balances at 3.9% and the fixed repo rate at 4%. Its directive permits purchases of Treasury bills if necessary to maintain ample reserves.
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