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Home > ABA Banking Journal Podcast > Understanding how monetary policy shapes SOFR
Podcast: ABA Banking Journal Podcast
Episode:

Understanding how monetary policy shapes SOFR

Category: Business
Duration: 00:12:30
Publish Date: 2024-07-11 21:09:00
Description:

On this episode of the ABA Banking Journal Podcast, ABA economist Jeff Huther discusses recent dynamics with the Secured Overnight Financing Rate, the “world’s most important number.” Huther delves into topics in his his new ABA DataBank essay, exploring how quantitative tightening has pushed SOFR toward the upper end of the Federal Open Market Committee’s rate target range, the effects of monetary policy mechanisms like the Overnight Reverse Repo Facility, and how banks and other SOFR users can manage volatility that may emerge in the rate.

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