Fed to Sell Term Deposits to Ensure Exit ‘Readiness’
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The Federal Reserve will sell term deposits in October and November and about every other month thereafter as it prepares for an eventual exit from the unprecedented expansion of the central bank’s balance sheet.
The “small-value offerings” in the Term Deposit Facility are a “matter of prudent planning and have no implications for the near-term conduct of monetary policy,” the Fed said in a statement today in Washington.