No, the idea of flexible corridor between deposits and loans is an old one, and Bernanke started it with IOER. The floor system is a half built, and the Fed knows it. The sub-floor, the reverse swap was a trick to allow GSEs into the Fed, halfway. Bernanke was walking a regulatory minefield, it is hard to describe the ultimate reform in his case.
Corridor works, but it needs cash in advance borrowers, pre-qualed via congestion fees. And it needs the hardest part, a Senate agreement on a 15 year contract. A jump in the ten year rate might just scare the bejesus out of the senators and the subject becomes more public.
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