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Federal Reserve Chairman Powell announced that it will soon be appropriate to slow the pace of balance sheet reduction, signaling a tapering of the drawdown. This decision comes as Wall Street focuses on determining the appropriate level of bank reserves amid the potential change in policy.
As the Federal Reserve contemplates slowing the runoff of its balance sheet fairly soon, Wall Street is honing in on what level of bank reserves is appropriate. https://t.co/RQWUoanBsi via @economics
As the Federal Reserve contemplates slowing the runoff of its balance sheet fairly soon, Wall Street is honing in on what level of bank reserves is appropriate. https://t.co/cpxCquYhfy
What'd the Fed and noted astrologer Powell say that made Mr. Market giddy? In his post-meeting press conference, Powell, for the first time, indicated the central bank would "slow down" the pace of balance-sheet reduction "fairly soon." ➡️ https://t.co/BT8izEtFYz https://t.co/6DL5v03PBs
