New York Fed's Perli: Reserve Management Purchases Will Remain Flexible

According to Jin10, Perli, the New York Federal Reserve's Open Market Account Manager, stated on July 10 that reserve management purchase operations have no preset course and can be adjusted up or down based on money market conditions. The trading desk is also prepared to implement any reforms to the Federal Reserve's balance sheet and interest rate control framework that a committee appointed by Fed Chair Waller may decide to pursue.
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