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🟣FED BALANCE SHEET REDUCTION PROGRESS

🟣FED BALANCE SHEET REDUCTION PROGRESS

Day: Thursday | Time: 18:10:01 The President of the Federal Reserve, Jerome Powell, has stated that the reduction of the balance sheet of the American central bank is still ongoing and it is not yet known when the final point will be reached. So far, the Fed has reduced its portfolio by about $1.7 trillion, but it will proceed with caution to ensure that financial institutions have access to adequate reserves. Powell has stated that significant progress has been made, but there is still much to be done.

Federal Reserve building with American flag