$CityDev (C09.SG)$$HongkongLand USD (H78.SG)$$Mapletree Log ...
Federal Reserve Chair Jerome Powell stressed that the move to slow the pace of reducing its balance sheet is not being done to provide accommodation to the economy or be less restrictive.
“It really is to ensure that the process of shrinking the balance sheet down to where we want to get it is a smooth one and doesn’t wind up with financial market turmoil the way it did the last time we did this, and the only other time we’ve ever done this,” he said.
“It really is to ensure that the process of shrinking the balance sheet down to where we want to get it is a smooth one and doesn’t wind up with financial market turmoil the way it did the last time we did this, and the only other time we’ve ever done this,” he said.
The central bank’s chairman Jerome Powell ruled out the possibility of a rate hike next month.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Deep Sea OP : This is good news for stock markets.
102241897 Deep Sea OP : Why it is a good news?