Powell: Fed Still Has Room to Shrink Its Balance Sheet

BlockBeats News, January 30th, Federal Reserve Chairman Powell hinted at a press conference that the Fed still has room to run in terms of reducing its balance sheet.

He stated that the banking system reserves are still "abundant," and the Fed still has a solid control over the federal funds rate. As for when the Fed should stop shrinking its balance sheet, Powell said, "On the specific date, I have nothing to say." (Golden Finance)