NY Fed's Perli says balance sheet wind down process has been smooth; slowing pace of the wind down reduces risk of market stress
- Fed has tools to deal with unexpected money market stress.
- All signs point to still abundant market liquidity levels.
- Lots of uncertainty around the final decision for the Fed balance sheet.
- Reverse repo facility is very responsive to market rates.
- Recent signs of money market volatility are not a concern.
08 May 2024 - 20:35- Fixed IncomeImportant- Source: Newswires
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