For the second day, the Federal Reserve is pumping 75 billion dollars


Release date:: 2019/18 8:43

The Federal Reserve in New York, it will intervene in the markets again Wednesday by pumping $ 75 billion of additional liquidity, in order to keep interest rates at the level set by the central bank.

On Tuesday, the Federal Reserve in New York announced that it had intervened for the first time in more than a decade in the markets, pumping up to $ 75 billion to prevent short-term interest rates from rising too much.

The bank intervened through repurchase agreements, a financial instrument that allows the Federal Reserve to keep interest rates for one night at its lowest level.

The bank said in a statement that, as it did on Tuesday, it planned to do so again on Wednesday “in order to keep the actual interest rate on federal funds within a rate of 2 to 2.25%.”

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