Edition:
United States

Jonnelle Marte

QE on the QT? Fed says no, economists say maybe so

Oct 11 2019

The U.S. Federal Reserve's quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment, as well as the risks of experimenting with market-sensitive systems in real time.

Fed launches Treasury bill buys in bid for 'ample' reserves

Oct 11 2019

The Federal Reserve said on Friday that it will start buying about $60 billion per month in Treasury bills to ensure "ample reserves" in the banking system, but emphasized the new program does not mark a change in monetary policy.

UPDATE 1-Fed's Kashkari says officials should consider yield-curve control as a potential tool

Oct 11 2019

Oct 11 Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said the U.S. central bank should look into controlling the yield curve as a potential tool for monetary policy, similar to an approach used by the Bank of Japan.

Fed meeting minutes shed more light on repo chaos

Oct 09 2019

Meeting minutes released by the Federal Reserve on Wednesday shed light on how recent volatility in money markets caught officials' attention and pushed the central bank into action.

Fed meeting minutes shed more light on repo chaos

Oct 09 2019

Meeting minutes released by the Federal Reserve on Wednesday shed light on how recent volatility in money markets caught officials' attention and pushed the central bank into action.

Fed meeting minutes shed more light on repo chaos

Oct 09 2019

Oct 9 Meeting minutes released by the Federal Reserve on Wednesday shed light on how recent volatility in money markets caught officials' attention and pushed the central bank into action.

Powell signals Fed seeking long-term solutions to short-term funding woes

Oct 08 2019

The Federal Reserve's plan to start adding to its $3.6 trillion (2.9 trillion pounds) bond portfolio soon is the clearest signal yet that the central bank is looking to deliver long-term solutions to address recent disruptions in key short-term funding markets.

Powell signals Fed seeking long-term solutions to short-term funding woes

Oct 08 2019

Oct 8 The Federal Reserve's plan to start adding to its $3.6 trillion bond portfolio soon is the clearest signal yet that the central bank is looking to deliver long-term solutions to address recent disruptions in key short-term funding markets.

Powerhouse U.S. cities home to worst wage inequality

Oct 08 2019

Wage inequality has soared in many of the United States' biggest cities over the past 35 years as companies cluster in urban centers, driving big paychecks for in-demand workers, according to a report by the New York Federal Reserve https://libertystreeteconomics.newyorkfed.org/2019/10/some-places-are-much-more-unequal-than-others.html

UPDATE 2-New York Fed extends daily repo operations to Nov. 4

Oct 04 2019

Oct 4 The New York Federal Reserve will continue to boost liquidity in money markets into November, the bank announced on Friday.

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