Another Tweak to the IOER Rate Is Put Back on Table, Says Wells Fargo’s Griffiths

The transcript discusses the impact of corporate tax payments and coupon settlements on cash markets, highlighting the Federal Reserve's response to recent market disruptions. It explores potential tweaks to the IOER rate and the importance of determining appropriate bank reserve levels. The discussion also covers concerns about the repo market and the need for long-term solutions to ensure market stability.

What are the potential long-term implications of the issues discussed in the text for the repo market?

In what ways might the Fed need to adjust its monetary policy in response to the current economic conditions?