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Tag Archives: primary dealers

The Euro “big boy” view of the Obama plan

From Bloomberg… “Florian Esterer, a fund manager at Swisscanto Asset Management, and Dirk Becker, an analyst at Kepler Capital Markets, talk about President Barack Obama’s plan to curb U.S. banks. They also speak with Bloomberg’s Rishaad Salamat about today’s meeting of Group of Seven finance ministers in London. ” Here is the press release from [...]

may already have lost control of the dollar…

Peter Boockvar, an equity strategist at Miller Tabak & Co., talks with Bloomberg’s Pimm Fox about the Federal Reserve’s planned test of one of the tools for the eventual withdrawal of the central bank’s unprecedented monetary stimulus. The New York Fed said it will conduct “small scale, real value” three-way reverse repurchase transactions in coming [...]

They consult with both the U.S. Treasury and the Fed about funding the budget deficit and implementing monetary policy.

A primary dealer is a bank or securities broker-dealer that may trade directly with the Federal Reserve System of the United States (“the Fed”).[1] Such firms are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed’s open market trading desk, and to participate actively in U.S. Treasury [...]