Powell: Balance Sheet Reduction in the Coming Months or Near the End

BlockBeats News, October 15th, Federal Reserve Chairman Powell stated that he believes the Fed has more "flexibility" in terms of its balance sheet size. Stripping the Fed of the power to pay interest would make rate control very complex.

In the coming months, balance sheet reduction will either end or come close to an end. The Fed remains committed to holding only Treasury securities on its balance sheet for the foreseeable future. (FXStreet)