"In the not-too distant future," the New York Fed "will start implementing daily morning SRF operations that will also be ...

In January 2019, after a series of discussions around long-run frameworks for monetary policy implementation, the FOMC communicated its intention to maintain an ample supply of reserves, affirming the ...

Indeed, if the uncertainty is great enough, the optimal level of reserves can exceed the cutoff for abundant reserves under no uncertainty. That is, uncertainty can imply that it is optimal to supply ...

Fed Chair Jerome Powell flagged the need for improved communications in remarks to a central bank strategy conference last ...