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o_nate
on Dec 16, 2015
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Fed Ends Zero-Rate Era
Yes, they're using reverse repos to enforce the lower end of the range (0.25%) and the interest on reserves to enforce the upper end (0.5%).
More detail here:
http://www.bloomberg.com/news/articles/2015-12-16/fed-remove...
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More detail here: http://www.bloomberg.com/news/articles/2015-12-16/fed-remove...