News list for " reduce asset losses"
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)
The latest data from the New York Federal Reserve show that the Federal Reserve faces no obstacles in continuing to shrink the size of its balance sheet. The New York Fed reported on Thursday that its measure of the elasticity of demand for reserves was -0.15 on November 13, remaining stable from a month earlier. The New York Fed said in its report that "reserves remain abundant". The index, which was released publicly a month ago, is designed to show how abundant or tight banks' reserves are...
