Fed’s Perli Says Won’t Be Long Before Fed Starts Buying Assets
Rising overnight funding costs are signaling that bank reserves are no longer abundant, and the US central bank “won’t have to wait long” before purchasing assets to sustain desired liquidity...
By Maria Eloisa Capurro, Alex Harris · Bloomberg Markets
Rising overnight funding costs are signaling that bank reserves are no longer abundant, and the US central bank “won’t have to wait long” before purchasing assets to sustain desired liquidity levels, according to the Federal Reserve Bank of New York’s Roberto Perli.