By Michael S. Derby
NEW YORK, Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday reiterated he sees no imminent reason to stop the central bank’s balance sheet contraction process, commonly referred to as quantitative tightening.
“I think we have a ways to go” on reducing the size of central bank bond holdings, Powell told a House panel, as the Fed has reduced overall holdings by just over $2 trillion since 2022.