Statement says inflation will settle below a level consistent with the Fed's mandate. Therefore, they are hinting at possible inflationary action.
Reinvestment into Treasurys of proceeds from maturing Agency and principal payments on MBS will continue (QE Lite). According to the new LSAP FAQ at FRBNY, there will be 7 such POMOs per month. http://www.newyorkfed.org/markets/lttreas_faq.htmlTwo had been previously scheduled for July 6 and 11, in the range of $2.5 to $3.5 Billion each.
Statement says inflation will settle below a level consistent with the Fed's mandate. Therefore, they are hinting at possible inflationary action.
ReplyDeleteReinvestment into Treasurys of proceeds from maturing Agency and principal payments on MBS will continue (QE Lite). According to the new LSAP FAQ at FRBNY, there will be 7 such POMOs per month.
ReplyDeletehttp://www.newyorkfed.org/markets/lttreas_faq.html
Two had been previously scheduled for July 6 and 11, in the range of $2.5 to $3.5 Billion each.