The statement released yesterday was in response to questions from the press and market participants.

Reduction in issuance of T-bills and other Treasury debt will counter the effect of the Fed's impending taper of asset purchases.

Upcoming numbers releases could indicate where Fed is going next.

The imminent return of the U.S. debt ceiling is causing angst for money-market traders once again. While the risk that Uncle Sam might default by missing…

Eventually, the Fed will have to scale back its bond buying, which will cause bond-market volatility and dissent within the FOMC.

As the fed funds market dries up, the FOMC is asking what's next. This decision could have dramatic consequences for financial markets.

But hopefully shifting to new benchmarks will result in "an improvement in safety and soundness."

Surge in U.S. dollar LIBOR is making funding more expensive for some borrowers outside the United States.