Yesterday, the Federal Reserve concluded its second Large-Scale Asset Purchase (LSAP) program. Liberty Street Economics is marking the end of the program—through which the Fed purchased $600 billion in Treasury securities—by providing a variety of resources (research, directives, and other information) on LSAP 2.
Statements on the Start and End of the Program:
FOMC Statement – Start of Program (November 3, 2010)
FRBNY Desk Statement – Start of Program (November 3, 2010)
FOMC Statement – End of Program (June 22, 2011)
FRBNY Desk Statement – End of Program (June 22, 2011)
Liberty Street Economics Posts:
Federal Reserve Bank of New York Economic Policy Review:
“Large-Scale Asset Purchases Were Effective at Lowering Borrowing Rates” (Press Release)
Speech by Brian Sack – Executive Vice President and Head of FRBNY Markets Group (February 9, 2011)
The views expressed in this blog are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author(s).