Interview: David Andolfatto on a critical review of the Fed’s standing repo facility

When David Andolfatto and Jane Ihrig proposed the Fed set up a standing repo facility (SRF) in 2019, it was intended as a backstop measure and way to reduce demand for reserves. We speak with David Andolfatto, chair of the Economics Department at the Miami Herbert Business School, about his views since the SRF’s launch in 2021.

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