New York Fed details how it plans to implement latest policy move
The New York Federal Reserve on Tuesday announced how it planned to implement the Federal Open Market Committee's latest policy move.
On Tuesday, the Federal Open Market Committee (FOMC) decided to keep constant the Federal Reserve's holdings of securities at their current level after data showed the US economy recovery in output and employment had slowed. As of 4 August, 2010, Fed's outright holdings of domestic securities in the System Open Market Account (SOMA) - which contains notes, bills
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