Indeed, the FOMC statement also included the passage: [T]he Committee believes that today's additional monetary easing should prove helpful as the economy works its way through this current soft spot. With this action, the Committee believes that…the risks are balanced with respect to the prospects for both goals [sustainable economic growth and price stability] in the foreseeable future.
We have been active in the repo market in recent months to manage temporary liquidity conditions. The idea is to realise a fine balance in order to achieve the objectives of sterilisation without putting pressure on yields.