Dallas Fed President Advocates TGCR for Interest Rate Benchmark
The Dallas Federal Reserve president recommends replacing the current interest rate target with the Treasury General Collateral Rate as a preferred measure.
Summary
No Summary provided as the original text is short
Terms & Concepts
Treasury General Collateral Rate (TGCR): A benchmark interest rate that reflects the cost of borrowing cash secured by U.S. Treasuries in the overnight repo market.
Interest Rate Target: A specific rate set by a central bank to guide monetary policy and influence economic activity.