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Tweaks to current standing repo facility proposals would be an important step toward helping Fed gain more control over its balance sheet.
George Selgin is the director of the Cato Institute's Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. He joins the show today as part of a two-week special on the Fed and repo markets, as he helps us take a look at recent repo market stress from the Fed's perspective. Specifically, David and George discuss the basics of the Fed's