Powell: Approaching the moment to stop tapering, but not yet there

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that the Federal Reserve is nearing but has not yet reached the moment when it needs to stop its long-standing quantitative tightening measures of reducing its balance sheet. He noted that reserves in the financial system remain ample, and the current pace of reduction is relatively small, which will not have a broader impact on the economy.