MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fed's Powell Asked If Slowing QT Was Discussed

FED
  • Q: Did you discuss slowing QT? Would you do this and cut rates in tandem?
    • A: I would start by say that Balance Sheet runoff so far has gone very well. And as the process has continued, we are getting to that time where questions are beginning to come into greater focus about the pace of runoff. At this meeting we had some discussion of the balance sheet. We are planning to begin in-depth discussions of balance sheet issues at our next meeting in March. Those questions are all coming into scope now, and we are focusing on them, but we are at the beginning of that process, I would say.
    • [re cuts and QT taper]: We see those as independent tools. For example, if you are normalizing policy, you might be reducing rates, but continuing to run off the balance sheet. In both cases that is normalization, but from a strict monetary standpoint, you could say one is loosening and one is tightening. That could happen. It is not something we are planning or thinking about. We will look at that as a committee starting in March.
  • Q: Roughly how many months of good inflation data do you need to be confident?
    • A: I will not put a number on it. Ultimately we made a lot of progress on inflation, but we want to ensure the job done in a sustainable way. That will come out of our communications. We won't keep that a secret.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.