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Powell Says Not Time for Balance Sheet Reduction

FED

Q: What is your response on shrinking the balance sheet?

- A: My thinking is has been, let's get through the taper decision and turn to those issues. We don't want to start thinking about them now and have people thinking we are focused on those issues, we are really not.

  • We do have the experience of what happened last time. We watched other countries and what they have done. I think we will be able to get to sensible decisions fairly expeditiously in time - but it's not time, is my thinking.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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