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Powell: Now Good Time to Slow Balance Sheet Shrink
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U.S. Federal Reserve Chair Jerome Powell commented on Wednesday that now is a good time to slow balance sheet shrinkage, following the central bank’s decision to ease its approach. Speaking at a press conference, Powell indicated that the Fed intends to reduce the pace of quantitative tightening (QT), roughly halving its scale, and expected the slower pace of QT to persist over a longer period. The central bank emphasized that slowing the pace of balance sheet shrinkage has no impact on monetary policy or the ultimate size of the balance sheet, ensuring alignment with the Fed’s plans and policies. AAStocks Financial News |
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