oberto Perli, the New York Fed’s head of monetary policy implementation, said on Tuesday, per Reuters. Key quotes "Unclear when reserves will grow scarce." "All signs suggest reserves remain abundant." "Money market rates will signal when reserves growing scarce." "Fed can still do repos to add liquidity if needed." "Confident Fed can effectively stop balance sheet drawdown smoothly.
" "Standing repo, conventional repos can address stress quickly." "Federal funds rate remains influential in money markets." "Fed rate control tools working well amid recent challenges." "Reverse repo facility works well, responsive to market conditions." Market reaction These comments failed to trigger a noticeable market reaction. As of writing, the US Dollar Index was down 0.06% on the day at 106.00.
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