The Federal Reserve is open to making adjustments to its program put in place last month to curb volatility in short-term lending markets that flared in...
The Federal Reserve is open to making adjustments to its program put in place last month to curb volatility in short-term lending markets that flared in mid-September, said Lori Logan, senior vice president at the New York Fed, on Monday. The Fed has started to buy $60 billion per month of Treasury bills to boost its balance sheet and this is going smoothly so far, Logan said, in a speech to primary dealers.
The Fed expects to be able to maintain the current pace of T-bill purchases "for some time," she added. But the Fed "is prepared to adjust the pace and other parameters as needed," she said. The Fed is also willing to increase the size of repo operations going into year-end, just as it did to keep rates stable over October's month-end. "We will monitor conditions closely and will be prepared to adapt open market operations as needed," Logan said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next Fed rate hike shouldn't come until 2% inflation, Fed chief says - Business InsiderThe statement comes five days after the Fed signaled a pause to further cuts, leading analysts to speculate about a future rate hike.
Read more »
China offers more access for Taiwan firms, Taiwan warns of a trapChina unveiled measures on Monday to further open its markets to firms from self...
Read more »
Ariana Grande Reflects on One-Year Anniversary of 'Thank U, Next'The songstress says her 'heart feels good' one year after dropping the chart-topping single.
Read more »
Alex Ovechkin Gets Topless Piggyback Ride At Insane Caps-Nats CelebrationWanna see Alex Ovechkin get a topless piggyback ride from a fat Washington Nationals staffer?!?!
Read more »
Next Fed rate hike shouldn't come until 2% inflation, Fed chief says - Business InsiderThe statement comes five days after the Fed signaled a pause to further cuts, leading analysts to speculate about a future rate hike.
Read more »