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Dallas Fed's Kaplan on standing repo............>

FED
FED: Dallas Fed's Kaplan on standing repo facility: "A standing facility where
banks could borrow as needed "is an option that we should be actively
considering. It is an option that will be considered along with other options"
this fall, Kaplan told reporters on the sidelines of a Dallas Fed conference on
North American trade. "We need to have stable and well-functioning markets."
From our policy team's short piece on this - see MNI MainWire.

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