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NY Fed official said central bank bill buying should moderate soon
The Federal Reserve's Treasury bill buying is likely to slow notably next month, as planned, the official responsible for implementing monetary policy at the Federal Reserve Bank of New York said on Thursday. “An adjustment to our monthly purchase pace is likely to happen soon,” said Roberto Perli, manager of the System Open Market Account. While it is hard to say exactly what market liquidity needs will be as the financial system navigates the upcoming tax payment date, what is now around $40 billion per month in Treasury bill buying “can likely be significantly reduced after April 15,” Perli said, ... (full story)