Reported 12 days ago
Roberto Perli, a top official at the New York Federal Reserve, stated that despite recent market volatility, money market liquidity remains strong, allowing the Fed to continue its balance sheet reduction. He emphasized that current pressures observed at quarter-end are not due to a lack of reserves, and the Fed's quantitative tightening strategy, which has decreased its bond holdings from $9 trillion to $7 trillion, is proceeding as planned. Perli reassured that monitoring of market conditions continues, with no immediate risks identified to the effectiveness of monetary policy.
Source: YAHOO