https://minutesof.com/john-williams/on/market-functioning/ Everything John Williams has said on market functioning: 3 verbatim quotes, each with a timestamp and a link to the recording it came from. en Mon, 31 Aug 2026 13:11:32 +0000 https://minutesof.com/q/beefd462-da11-48dd-afdf-efe8be1c47a8/ https://minutesof.com/q/beefd462-da11-48dd-afdf-efe8be1c47a8/ “In the Treasury repo market, a lack of consistency and transparency in risk management practices could pose risks to market functioning if one or more counterparties were to default.” — NY Fed speeches market functioning https://minutesof.com/q/8034a88c-c0ee-4c37-8534-1140b47b8e2b/ https://minutesof.com/q/8034a88c-c0ee-4c37-8534-1140b47b8e2b/ “Over the past two months, SRF usage has risen from essentially zero to having greater frequency and higher volume of take-up, especially on days of temporary repo market pressures,” — NY Fed speeches market functioning https://minutesof.com/q/0f6a54b2-ed76-428e-91de-c096028f9d46/ https://minutesof.com/q/0f6a54b2-ed76-428e-91de-c096028f9d46/ “We saw evidence of frictions in SRF usage over a few days in December 2024, when a substantial amount of tri-party repo transactions—for which the SRF should be a close substitute—took place in the market at rates above the SRF minimum bid rate.” — NY Fed speeches market functioning