Powell expected to weigh in on recent Treasury market turmoil

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ODAILY
3 days ago
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Planet Daily News: MFS Investment Management's Chief Economist and Portfolio Manager Weissman said in a report that Federal Reserve Chairman Powell may point out at this week's meeting that the U.S. Treasury market is functioning normally after a brief period of turbulence. Powell may also indicate that liquidity tools are available if market conditions permit. Additionally, as bank reserve balances continue to decline, some may argue for completely ending quantitative tightening. However, Weissman noted that given the Fed has just slowed the pace of quantitative easing, Powell is unlikely to feel the need to take further action in this area in the near term. (Jintian)

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