CNBC: Powell says the Fed will start expanding its balance sheet ‘soon’ in response to funding issues

CNBC: Powell says the Fed will start expanding its balance sheet ‘soon’ in response to funding issues.

  • The Fed will start expanding its balance sheet again “soon,” Chairman Jerome Powell said Tuesday.
  • Trouble in overnight lending markets several weeks ago helped spur the the Fed into action.
  • Pertaining to interest rates, Powell did not commit to a future course, saying the Fed will stay data dependent.

https://www.cnbc.com/2019/10/08/powell-says-the-fed-will-start-expanding-its-balance-sheet-soon.html

Advertisements