Powell: The Federal Reserve still has room to shrink its balance sheet
2025-01-29 23:29:21
Federal Reserve Reserve Chairperson Powell press conference hint Federal Reserve reduce asset lossesdesk3cryptocurrencydesktopCrypto News
Fed Chairperson Jerome Powell hinted at a press conference that the central bank still has room to manoeuvre in reducing the size of its balance sheet. He said the banking system was still "well-stocked" and the Fed still had firm control over the federal funds rate. As for when the Fed should stop shrinking its balance sheet, Powell said: "I don't have anything to say about a specific date." (Kim X)
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