TechFlow, May 9 — According to Jinshi Data, a Federal Reserve official responsible for implementing monetary policy said Friday that markets handled last month's stress well as the Fed took steps to strengthen a key liquidity facility. Roberto Perli, manager of the System Open Market Account at the Federal Reserve System, said: "Although liquidity in the U.S. Treasury cash market tightened in early April, these markets continued to function normally, partly due to the resilience of funding liquidity in the Treasury repo market." Markets performed well during this period of stress following the Trump administration's announcement of sweeping trade tariffs, but Perli said the episode again highlighted the need for the Fed to further explore ways to provide rapid liquidity to markets. Perli stated that the Standing Repo Facility (SRF) would conduct operations both in the morning and afternoon "in the near future." He noted, "These morning settlement auctions, together with the current afternoon auctions, will enhance the effectiveness of the SRF as a tool for monetary policy implementation and market functioning."
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