“The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis”
If you’re a market bull, you’re loving this statement.
Reserve management purchase to start this week, beginning with $40B per month in T-bills. This is in a sense the equivalent of a lite form of QE.
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“The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis”
If you’re a market bull, you’re loving this statement.
Reserve management purchase to start this week, beginning with $40B per month in T-bills. This is in a sense the equivalent of a lite form of QE.