Fed's Potter: Fed market desk is ready for rate lift off

FXStreet (Bali) - Simon Potter, executive vice-president of the Federal Reserve Bank of New York, crossed the wires, via Bloomberg, noting that Fed market desk is ready for rate lift off.

Headlines

Money markets remain important for policy transmission

Keeping control of fed funds during liftoff is priority

Says New York Fed market desk is ready for rate liftoff

Fed may need to relax $3008 on RRP cap after liftoff

Overnight reverse repo demand may rise at rate liftoff

Says not actively adjusting fed funds rate now

Aims for fed funds rate to be close to, or a bit below, middle of policy range after liftoff