Powell Signals End of Rate Cuts and Balance Sheet Reduction
TL;DR Summary
Federal Reserve Chair Jerome Powell indicated that the Fed is nearing the end of its quantitative tightening process, with no clear guidance on future interest rate moves, emphasizing the importance of monitoring liquidity conditions and maintaining control over rates amid economic uncertainties.
Topics:business#balance-sheet#economy#federal-reserve#interest-rates#jerome-powell#quantitative-tightening
- Fed's Powell suggests tightening program could end soon, offers no guidance on rates CNBC
- Stocks Rise as Powell’s Remarks Reinforce Fed Bets: Markets Wrap Bloomberg.com
- Powell Signals Fed Is on Track to Keep Cutting Rates The New York Times
- Wall Street mixed, banks rally on upbeat results Reuters
- Powell Hints at End of Campaign to Shrink Fed’s Treasury Holdings The Wall Street Journal
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