Powell speech: We think we need to engage in a series of rate increases and let our balance sheet shrink By Frank_Macro Fed Inflation InterestRate
Chair Jerome Powell, speaking before Congress on the first day of his semi-annual testimony, said that we think we need to engage in a series of rate increases and let our balance sheet shrink, reported Reuters. "As this year has gone on, markets have reacted appropriately to our assessments.""Inflation is also different, as it is coming from the goods sector."
"The Fed has institutionalized liquidity provision, which will support smooth market functioning amid current volatility."Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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