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Powell on Increasing Tsy Security Holdings

FED
  • We are continuing to increase our holdings of treasury securities by at least $80 billion per month, and of agency mortgage backed securities by at least $40 billion per month, until substantial further progress has been made toward our maximum employment and price stability goals.
  • On a final note we made a technical adjustment today to the Federal Reserve administered rates, IOER and overnight rates were adjusted upward to support smooth functioning in money markets. The technical adjustment has no bearing on the appropriate path for the federal funds rate, or stance of monetary policy.

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