Williams highlights June FOMC change allowing temporary pauses in reserve management purchases based on money market conditions.
“Many of you will have noticed that the FOMC implementation note was changed at the June meeting to make explicit that temporary pauses in RMPs could occur if money market conditions warrant.”
Williams announces the Desk will purchase an additional $40 billion in Treasury bills through mid-March.
“The Desk publishes its updated purchase schedule each month, and earlier today announced that it would purchase an additional $40 billion in Treasury bills through mid-March.”