LIBERTY STREET ECONOMICS REPLAY REPLAY: The Fed's Balance Sheet Runoff and the ON RRP Facility The decision to reduce the size of the Fed's balance sheet has potential implications for a range of financial market participants. A primer in our Liberty Street Economics archive explains the mechanics of the "runoff," including how it is affected by the presence of the overnight reverse repo (ON RRP) facility. Check out the blog post in our Liberty Street Economics archive:
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