U.S. money market volatility seen as ‘normal’ during structural change: N.Y. Fed’s Potter

(Reuters) – Recent swings in long-term U.S. money market rates are part of their adjustments to structural changes post-financial crisis in addition to the Federal Reserve’s current normalization of monetary policy, the New York Federal Reserve Bank’s top markets official said in prepared remarks to be delivered on Saturday in Manila.

“I view fluctuations in term money market rates of the magnitudes seen recently as normal parts of market functioning during a period of structural change,” the New York Federal Reserve’s Markets Chief Simon Potter said in a prepared speech delivered at the executives’ meeting of East Asia-Pacific Central Banks Governors’ meeting.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.