New York Fed official: There is no preset path for Treasury purchases; will closely monitor funding market stress in October.

Zhito Finance APP has learned that Roberto Perli, head of the New York Fed's Markets Group, said the Federal Reserve will continue to assess the level of reserves in the banking system, and that there is no preset path for U.S. Treasury bill purchases used for reserve management, which may be readjusted in the future based on market conditions.