In the Margins

FOMC zeros in on new money fund reforms

October 13, 2016

By The Wall Street Journal

Federal Reserve officials focused on the money market reforms set to take effect Friday when they met last month. Minutes of the meeting released Wednesday show the Fed’s interest rate setting panel discussed reverberations in the money fund industry caused by the rules, including the hundreds of billions of dollars that have moved from broad credit-focused funds into ones that invest in U.S. government and agency debt. Read the original story from The Wall Street Journal.