Fed's Powell suggests balance sheet rundown has more room to run
ReutersJan 29, 2025 8:15 PM
NEW YORK, Jan 29 (Reuters) - Federal Reserve Chairman Jerome Powell suggested on Wednesday that the central bank still has room to run with shrinking the size of its balance sheet.
Banking system reserves remain "abundant" and the central bank still has solid control off the federal funds rate, Powell said a press conference following the latest Federal Open Market Committee meeting. As for when the Fed should stop its balance sheet wind down, Powell said "I don’t have anything to say to you about particular dates."
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