Williams argues central banks should support economic historians because they can efficiently provide complementary research inputs.
“This observation to me provides a compelling reason for why a central bank Research Group should support economic historians.”
Williams says the Desk is conducting reserve management purchases at $40 billion monthly.
“As you know, so far, the Desk has been conducting reserve management purchases at a monthly pace of $40 billion.”
Williams announces the Desk will soon implement daily morning SRF operations with morning settlement.
“In fact, as I mentioned nearly two weeks ago, in the not-too-distant future the Desk will start implementing daily morning SRF operations that will also be settled in the morning.”