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Powell Says Committee's Sense Is It Will be Appropriate To Slow QT Pace 'Fairly Soon'

FED
  • Powell on QT: Committee's sense is it will be appropriate to slow the pace of runoff "fairly soon".
  • FOMC didn't make any decisions on the balance sheet at this meeting - notes general principles: The decision to slow the pace of run-off allows us to approach that ultimate level more gradually. In particular, slowing the pace of runoff will help ensure the transition reducing the possibility of money markets and facilitating the ongoing decline in security holdings.

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