Fed’s Path to a Repo-Based Framework Faces a Familiar Roadblock

As Federal Reserve officials ponder ways to shrink their holdings and keep markets flush with cash from lending operations, they face a challenge years in the making: Overcoming the stigma...

By Alexandra Harris · Bloomberg Markets

As Federal Reserve officials ponder ways to shrink their holdings and keep markets flush with cash from lending operations, they face a challenge years in the making: Overcoming the stigma of borrowing from the central bank.