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Powell says Fed ‘wouldn’t hesitate’ to tweak balance sheet reduction if it was causing problems
Federal Reserve Chairman Jerome Powell said Friday that the central bank “wouldn’t hesitate” to adjust how quickly it lets its debt-laden balance sheet shrink if it starts to cause problems in financial markets. “We don’t believe that our issuance is an important part of the story of the market turbulence that began in the fourth quarter of last year. But, I’ll say again, if we reached a different conclusion, we wouldn’t hesitate to make a change,” he said. “If we came to the view that the balance sheet normalization plan — or any other aspect of normalization — was part of the problem, we ... (full story)
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