During a Q&A session, Fed's Chairwoman Janet Yellen has said the central bank has made no decision on when to start balance sheet reductions.
Key quotes (via Reuters):
- Fed wants to give advance warnings about balance sheet policy so markets can prepare
- Fed has made no decision on when to start balance sheet reductions
- Fed could start trimming balance sheet relatively soon
- Says was pleased to see Treasury report endorsed main objective of Volcker rule
- Labor market is tight
- Says employers are having difficulties finding workers with right skills
Market updates post-FED:
AUD/USD backs away from session highs after Fed delivered a hawkish rate hike
USD/CHF rises to 3-day highs after FOMC decision
Yellen defends the hawkish rate hike, EUR/USD surrenders gains
NZD/USD eases from 4-month highs during Yellen's presser
US Dollar spikes toward 97 on hawkish Yellen
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