fed minutes, 2016-03-16
Participants noted that it may be appropriate to offer term RRPs at some point in the future after the Committee reintroduces an aggregate cap on ON RRP operations, and the Committee's decisions regarding term RRPs over quarter-ends had no implications for the FOMC's plan to phase out the ON RRP facility when it was no longer needed to help control the federal funds rate.
Sentiment: neutral
Topic: mp_interest_rate