NY Fed's Perli says a plausible path to lower reserve levels is regulatory change; Fed's rate control toolkit has worked very well
The UK Treasury is pushing large supermarkets to introduce voluntary price caps on key groceries in return for lifting some regulations, according to FT citing sources
Tesla (TSLA) is building its giant solar panel factory in Houston, Electrek reports
NY Fed's Perli says a plausible path to lower reserve levels is regulatory change; Fed's rate control toolkit has worked very well
US President Trump says he is going to let Warsh ‘do what he wants to do’ at Fed with interest rates
Cochilco raises copper price estimate for this year to USD 5.55/lb
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- Fed liquidity management has been effective.
- Future Fed reserve management bill buying driven by market conditions.
- Fed toolkit can deal with changing bank reserve regulations.
- Shifting to scarce reserve system would be challenging.
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