Fed says it will start to buy Treasury bills next week to ease money-market pressure
The Federal Reserve announced on Friday that it will buy Treasury bills to maintain ample reserves in the banking system. In a statement, the Fed said that the purchases will last into the second quarter of next year. In addition, the Fed said it will conduct overnight repo operations at least through January to mitigate the risk of money market pressures. The Fed will purchases will start Tuesday. The FOMC met via videoconference to discuss pressure in the money market on Oct. 4.
Published:10/11/2019 10:08:33 AM