POMO schedule released yesterday. Anticipated levels are about half of what was allocated for Jan and Feb
http://www.newyorkfed.org/markets/tot_operation_schedule.html
The NY Fed is the real Fed that pulls the easy money lever and the interest rates levers. It tries to influence rates but to an extent it is just surfing a wave. The main Fed HQ in DC is there to schmooze congress and the president, to collect tons of statistics, do tons of studies. DC Fed is the PR wing of the Federal Reserve. To a large extent it is a liberal and affirmative action hiring program. They put out all kinds of lib BS how the minorities were discriminated against on mortgages... helping to precipitate the housing bubble and bust. Plus the Fed forced banks to do crazy minority mortgage lending