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Fed Chair Jay Powell and NY Fed President.......>

FED
MNI (London)
FED: Fed Chair Jay Powell and NY Fed President John Williams maintained that the
Fed's purchases of treasury securities and overnight and term repo operations
are "purely technical", according to a letter written to Ranking Member Patrick
McHenry of the House Committee on Financial Services. The letter dated Nov. 8
and published Weds maintained the FOMC will "continue to analyze" the dynamics
that contributed to the turmoil that led to repo market rate spikes in mid-Sep.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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