The dovish turn in March 2019 is unprecedented and inconsistent with the Fed’s remit.
A move to a new market-based reference is coming and may not go smoothly with repurchase agreements forming the bulk of interbank lending.
Rethinking the Fed’s policy framework
The Agefi - April 03rd, 2019.
Ibrahima Kobar, Deputy Chief Executive Officer, Global CIO at Ostrum Asset Management's tribune.