The Minutes of John Williams on repo markets https://minutesof.com/john-williams/on/repo-markets/ Everything John Williams has said on repo markets: 1 verbatim quote, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:03 +0000 Williams argues specific market factors shifted the reserve demand curve downward rather than indicating reser https://minutesof.com/q/8d0becfd-b895-42a9-994d-678e5fade4cb/ https://minutesof.com/q/8d0becfd-b895-42a9-994d-678e5fade4cb/ “I interpret the remaining factors (seasonally low bill supply, increased dealer repo intermediation capacity, reduced repo financing demand, and a temporary increase in government-sponsored enterprise [GSE] repo investment activity) as ones that induced a downward shift in the reserve demand curve.” — NY Fed speeches repo markets