Fed Aims a Half-Trillion Dollar Liquidity Hose at Year-End Risks
- Fed Plans new term repo operations, adjusts overnight actions
- New York Fed names Singh and Logan to senior markets roles
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The Federal Reserve Bank of New York is getting its house in order, ramping up measures to combat end-of-year funding risks and tapping permanent leaders to steer its interactions with markets.
The branch, which acts as the U.S. central bank’s eyes and ears on Wall Street through its markets group, on Thursday said it would conduct additional repurchase-agreement operations that could take the amount its support for funding markets over the crucial year-end period to more than half a trillion dollars. It also announced new senior leaders within that markets function, naming Daleep Singh as head of the group and appointing Lorie Logan to oversee the System Open Market Account.