Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Several participants at the Federal Reserve’s September policy meeting said it was important to continue monitoring money-market conditions and evaluate how close bank reserves are to their “ample” level, as the central bank continues to unwind its massive portfolio of securities. 

The remarks come as prolonged funding pressures in US money markets, just as bank reserves held at the Fed are dwindling, are suggesting the central bank may be getting closer to ending its balance sheet runoff. 

A few participants noted that the Standing Repo Facility — the Fed’s liquidity backstop — would help keep the federal funds rate within its target range and ensure that temporary pressures in money markets wouldn’t disrupt the ongoing balance-sheet reduction, according to the minutes of the Sept. 16-17 gathering released Wednesday.  

Today's show features:
Kay Herr, JPMorgan Asset Management US CIO of Global Fixed Income, Currency, and Commodities
Stephen Carroll, Host of Bloomberg Daybreak Europe, on Macron's next two days during which he needs to select a new prime minister
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research, on how AI became a trillion dollar market
Herman Chan, Bloomberg Intelligence Senior Analyst for US Regional Banks on the bank merger outlook

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. Several participants at the Federal Reserve&rsquo;s September policy meeting said it was important to continue monitoring money-market conditions and evaluate how close bank reserves are to their &ldquo;ample&rdquo; level, as the central bank continues to unwind its massive portfolio of securities.&nbsp; The remarks come as prolonged funding pressures in US money markets, just as bank reserves held at the Fed are dwindling, are suggesting the central bank may be getting closer to ending its balance sheet runoff.&nbsp; A few participants noted that the Standing Repo Facility &mdash; the Fed&rsquo;s liquidity backstop &mdash; would help keep the federal funds rate within its target range and ensure that temporary pressures in money markets wouldn&rsquo;t disrupt the ongoing balance-sheet reduction, according to the minutes of the Sept. 16-17 gathering released Wednesday. &nbsp; Today's show features:
<ul>
<li>Kay Herr, JPMorgan Asset Management US CIO of Global Fixed Income, Currency, and Commodities</li>
<li>Stephen Carroll, Host of Bloomberg Daybreak Europe, on Macron's next two days during which he needs to select a new prime minister</li>
<li>Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research, on how AI became a trillion dollar market</li>
<li>Herman Chan, Bloomberg Intelligence Senior Analyst for US Regional Banks on the bank merger outlook</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Government Shutdown Clouds Fed Outlook 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1f255cfa-251c-42a0-9d7a-b370017c5d6f/transcript

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