Fed's Powell: Will revisit balance sheet program if reductions cause problems in markets

Eren Sengezer FXStreet

Jerome Powell, Chairman of the Federal Reserve System, is now responding to questions at a conference organised by the American Economic Association in Atlanta.

Key quotes (via Reuters)

Does not feel balance sheet reduction is an important part of market turbulence.
To revisit balance sheet plan if Fed concludes reductions are causing problems in markets.
On President Trump, says he has not received any direct communication from the White House.
Says he would not resign if asked.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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