Fed unveils plan for ‘technical’ asset purchases
New York Fed will buy Treasuries “at least into the second quarter of next year”
The Federal Reserve has unveiled details of how it will resume the expansion of its balance sheet, having said earlier this week that asset purchases were its preferred means of alleviating the liquidity squeeze in repo markets.
In a statement today (October 11), the board of governors directed the New York Fed to make purchases “at least into the second quarter of next year”, to maintain the balance sheet at a level equal to or above that seen in early September 2019.
Fed officials have
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