New York Fed Notes Liquidity Concerns Ahead Of Anticipated Tightening

Market liquidity is obviously important to the smooth functioning of an economic system, particularly as a potential September rate rise is under consideration. The big concern is that liquidity dries up during crisis, an event that, to a certain extent, is out of the control of the New York Federal Reserve. The semi-autonomous government agency, however, is taking precautionary steps to ensure that liquidity problems don’t occur in the bond market by publicly discussing the issue....

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