Fed's Perli reiterates flexible path of reserve management buying

A New York Fed monetary policy official said Treasury bill purchases used to manage market liquidity can be increased or reduced as needed. The message reinforces data-dependent liquidity management rather than a fixed path, which can influence short-term funding conditions and T-bill yields.

Analysis

A New York Fed monetary policy official said Treasury bill purchases used to manage market liquidity can be increased or reduced as needed. The message reinforces data-dependent liquidity management rather than a fixed path, which can influence short-term funding conditions and T-bill yields.