Yellen Leaves Key Details of Fed Exit Plans a Mystery

Right now, reverse repos tests are capped at $300 billion a day for one-day transactions, but some have speculated that cap will have to be much higher to achieve the control over interest rates Fed officials want. Lou Crandall, chief economist with Wrightson ICAP, said the Fed may need to provide more than $500 billion in reverse repos at the start, while noting that estimate can change depending on a number of different, complex factors.