US Federal Reserve may tweak key 'reverse repo' rate
Updated : May 23, 2019 06:33 AM IST
The minutes also showed that the Fed's current patient approach to setting monetary policy could remain in place "for some time."
Reverse repos, together with the interest the Fed pays banks on reserves they keep at the Fed and the term deposit facility, helped the Fed manage short-term interest rates after it raised them from rock-bottom levels after the 2008 global financial crisis.
The goal was for the reverse repo transactions to set a "floor" below which short-term rates would not fall.