[New York Fed's Perli Says Fed's Monthly Treasury Purchases Can Be Adjusted Up or Down] According to a report by Jinse Finance, on May 20, Roberto Perli of the New York Federal Reserve stated that the Federal Reserve's monthly Treasury purchase scale does not follow a predetermined path and can be adjusted based on market conditions. Perli, who manages the Federal Reserve's System Open Market Account (SOMA), said that he and his SOMA team colleagues are 'ready at any time' to increase or decrease the pace of reserve management purchases as necessary to maintain reserves within an ample range.