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MNI BRIEF: Fed's Powell-Appropriate To Taper QT 'Fairly Soon'

(MNI) WASHINGTON
USCentral Bank NewsPolicy NewsHomepageBellFederal ReserveNorth AmericaBriefStoryRegion

Federal Reserve officials generally believe the time is coming to start reducing the pace of balance sheet shrinkage or quantitative tightening, Fed Chair Jerome Powell said Wednesday in opening remarks to his post-meeting press conference.

"While we did not make any decisions today on this, the general sense of the committee is that it will be appropriate to slow the pace of run-off fairly soon," he said. (See MNI INTERVIEW: Ample Reserve Need Tighter Rules-Acharya)

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Federal Reserve officials generally believe the time is coming to start reducing the pace of balance sheet shrinkage or quantitative tightening, Fed Chair Jerome Powell said Wednesday in opening remarks to his post-meeting press conference.

"While we did not make any decisions today on this, the general sense of the committee is that it will be appropriate to slow the pace of run-off fairly soon," he said. (See MNI INTERVIEW: Ample Reserve Need Tighter Rules-Acharya)