I’m lost for an explanation as to whey the Fed ignored the year end liquidity issue entirely, after alluding to it in various speeches and allowing the impression that they were going to address it at the meeting persist.

Keep me posted as to how LIBOR is over the turn (as well as fed funds over the turn) late morning after the dust settles, thanks. The NY Fed may have something in mind to bring rates more in line with the Fed’s target rate.

♥