Free Trial

Powell Says Fed Need Not Be Permanent Presence in Tsy Market

FED

Q: Does Fed need to be a permanent presence in Tsy market given large Federal deficits/debt?

  • A: Not a foregone conclusion there needs to be a permanent Fed presence in Tsy purchases, right now we're doing it because the economy needs highly accommodative monetary policy. Don't presume that this is something that the Fed needs to be in there, private sector needs to be in there. Lots of demand for US Treasuries.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.