Powell: Money market pressures require immediate adjustment of balance sheet operations
Jinse Finance reported that Federal Reserve Chairman Powell stated that money market pressures require immediate adjustments to balance sheet operations; the next phase of the balance sheet will begin in December and will remain stable in the short term; there are "clear signs" indicating that it is time to stop quantitative tightening; the reinvestment strategy will bring the weighted average maturity closer to the outstanding stock of securities.
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