Chair Powell: "Too Early to Halt Quantitative Tightening"
JH Kim
Summary
- Jerome Powell, Chair of the Fed, stated that it is too early to halt Quantitative Tightening.
- He indicated the sustainability of Quantitative Tightening by stating that current reserves are ample.
- He emphasized the ability to supply overseas dollar liquidity if needed.
According to Reuters on the 16th (local time), Jerome Powell, Chair of the Federal Reserve (Fed), stated, "At this point, reserves are still ample," and "I do not see us as having reached the point to halt Quantitative Tightening (QT). The Fed is ready to supply dollar liquidity overseas whenever necessary."
JH Kim
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