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Williams: Fed has resources to monitor short-term prices, such as changing IOER or overnight reverse repo rate
FED'S WILLIAMS: THE FED HAS RESOURCES TO MONITOR SHORT-TERM PRICES, SUCH AS CHANGING THE IOER OR OVERNIGHT REVERSE REPO RATE.
— North Africa Trading (@Forexmkts) May 3, 2021
Added at 4:05pm
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FED'S WILLIAMS: CHANGING ADMINISTERED PRICES WILL NOT BE CONSIDERED A SHIFT OF MONETARY POLICY.
— North Africa Trading (@Forexmkts) May 3, 2021
Added at 4:05pm
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Fed's Williams:
— DailyFX Team Live (@DailyFXTeam) May 3, 2021
- The Fed MBS buying particularly potent stimulus
- Evidence shows that the public knows the Fed's policy framework
- Pre-pandemic employment levels didn't cause inflation