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Msg  45229 of 46121  at  10/13/2019 10:33:18 AM  by

moegrabbedmythumb


OT: The Fed is working to ease the money supply and keep interest rates low

 
Statement Regarding Treasury Bill Purchases and Repurchase Operations
October 11, 2019

In light of recent and expected increases in the Federal Reserve’s non-reserve liabilities, the Federal Open Market Committee (FOMC) directed the Desk, effective October 15, 2019, to purchase Treasury bills at least into the second quarter of next year to maintain over time ample reserve balances at or above the level that prevailed in early September 2019. The Committee also directed the Desk to conduct term and overnight repurchase agreement operations (repos) at least through January of next year to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy implementation.



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