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Fed Weighs Interest on Reserves as New Policy Rate (Update2) - Bloomberg.com
http://www.bloomberg.com/apps/news?pid=20601103&sid=akYMsCez...
Submitted by cij 1 month, 2 weeks, 1 day, 14 hours ago
Basically, the Fed has lost control of the Fed Funds rate and is not relying on interest rates on excess reserves as a proxy for monetary policy.
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