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Fed's Potter: Fed market desk is ready for rate lift off
FXStreet (Bali) - Simon Potter, executive vice-president of the Federal Reserve Bank of New York, crossed the wires, via Bloomberg, noting that Fed market desk is ready for rate lift off.
Headlines
Money markets remain important for policy transmission
Keeping control of fed funds during liftoff is priority
Says New York Fed market desk is ready for rate liftoff
Fed may need to relax $3008 on RRP cap after liftoff
Overnight reverse repo demand may rise at rate liftoff
Says not actively adjusting fed funds rate now
Aims for fed funds rate to be close to, or a bit below, middle of policy range after liftoff
