New York Fed to test 3-way reverse-repo transactions

11/30/2009 | Bloomberg · Wall Street Journal, The

As policymakers prepare to withdraw monetary stimulus, the Federal Reserve Bank of New York said it will conduct a limited amount of three-party reverse-repurchase transactions. The Fed said the testing "does not represent any change in the stance of monetary policy, and no inference should be drawn about the timing of any change in the stance of monetary policy in the future."

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Bloomberg · Wall Street Journal, The

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