
Powell hints at $1 trillion goal for Fed balance sheet
Proposed reserves buffer is more than enough, Charles Goodhart says

Federal Reserve chairman Jerome Powell told US lawmakers on February 26 that roughly $1 trillion in reserves could be left on the Fed’s balance sheet once it stops its quantitative easing winddown.
The $1 trillion figure, plus a buffer, is “a reasonable starting point, an estimate, of where [the Fed] might end up”, Powell said in testimony before Congress.
He said the estimated amount of reserves banks need to keep at the Fed has gone up “substantially” due to changing regulatory requirements
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com