FOMC: ample reserves to be maintained as credit flows remain robust
The Chair said the committee will maintain ample reserves in the banking system and described credit flows as robust for businesses, noting broad financial conditions were not broadly restrictive.
The full story
The Chair said the committee will continue its policy of maintaining ample reserves in the banking system even as policy rates rise. He described credit flows as robust—particularly for businesses—and said broad financial conditions could not be described as restrictive.
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