Fed Starts Talks With Dealers On Reverse Repo Use - Bloomberg
September 23 2009 - 3:17AM
Dow Jones News
The U.S. Federal Reserve has started talks with bond dealers
about the use of reverse repurchase agreements to drain some of the
$1 trillion of cash injected into the economy, Bloomberg News
reported Tuesday, citing people with knowledge of the
discussions.
There's no sense that policy makers intend to withdraw funds
anytime soon, Bloomberg reported the people, who declined to be
identified because the talks are private, as saying.
Deborah Kilroe, a spokeswoman for the Federal Reserve Bank of
New York, declined to comment about meetings with dealers,
Bloomberg said on its Web site.
Full story:
http://www.bloomberg.com/apps/news?pid=20601087&sid=ax.FBWNLB5_o