Dallas Federal Reserve Bank President Robert Kaplan on Friday said the U.S. cent...
Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir
SAN FRANCISCO - Dallas Federal Reserve Bank President Robert Kaplan on Friday said the U.S. central bank’s new program to buy Treasury bills is not quantitative easing and is not designed to ease monetary policy further. “We put the fed funds rate at 1.75% to 2%; this has no effect on changing that, it is not intended to create more accommodation or create more stimulus,” Kaplan told reporters after a talk at the Commonwealth Club. “It is intended to ensure in an ample reserves regime that we are able to set the fed funds rate in the target range that we set.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Will Purchase Treasury Bills at Least Into Second Quarter of 2020The Federal Reserve will begin buying Treasury bills on Tuesday to boost its balance sheet and avoid a recurrence of the unexpected strains experienced in money markets last month.
Read more »
Fed launches Treasury bill buys in bid for 'ample' reservesThe Federal Reserve said on Friday that it will start buying about $60 billion p...
Read more »
Last of the Summer Wine star Juliette Kaplan has died age 80 after cancer battleBREAKING: Last of the Summer Wine star Juliette Kaplan has died age 80 after cancer battle
Read more »
Fed's Kaplan: Trade deal could be positive, open mind on ratesThe freshly inked U.S.-China trade deal could be a 'positive development&qu...
Read more »
The Fed is trying to figure out what free internet services are actually worth to AmericansThe answer could help the central bank solve one of the most puzzling paradoxes of the modern economy: The current expansion is the longest in history, yet productivity gains are weak and GDP growth, while steady, is far from stellar.
Read more »
Jersey Shore Recap: Angelina Fed Up with JWoww's Boyfriend 'Grabbing' Her at ClubVinny, who was nowhere near as drunk as the others, claimed he saw 24 'grabbing Angelina's ass a little bit.' He knew Jenni would've lost her mind had she seen the exchange.
Read more »