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The case for an Elastic Reserves system: Recommendations for the Federal Reserve’s balance sheet review

Source: Brookings · Oct 19, 2026 12:05 UTC

Carved stone eagles and seal above the entrance of the Federal Reserve Bank of Dallas — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

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The case for an Elastic Reserves system: Recommendations for the Federal Reserve’s balance sheet review Brookings

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