{"id":69131,"date":"2022-07-27T23:26:13","date_gmt":"2022-07-27T19:26:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69131"},"modified":"2022-07-27T23:26:15","modified_gmt":"2022-07-27T19:26:15","slug":"powell-us-balance-sheet-reduction-to-gain-momentum","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-us-balance-sheet-reduction-to-gain-momentum\/07\/27\/market-updates\/","title":{"rendered":"Powell: US balance sheet reduction to gain momentum"},"content":{"rendered":"\n<p>FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve&#8217;s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.<br><br><strong>Key Quotes<br><\/strong><br>&#8220;No one can be sure on whether we can achieve a soft landing\u201d.<br><br>&#8220;Balance sheet reduction is working fine, markets have accepted it, and should be able to absorb it\u201d.<br><br>&#8220;Balance sheet reduction will be picking up steam\u201d.<br><br>&#8220;Getting down to new balance sheet equilibrium could take 2 &#8211; 2.5 years\u201d.<br><br>&#8220;Markets seem to have confidence in the Fed&#8217;s commitment to 2% inflation\u201d.<br><br>&#8220;Broader financial conditions have tightened a good bit\u201d.<br><br>&#8220;We&#8217;re going to get our policy rate to level where we are confident inflation will come down to 2%\u201d.<br><br>&#8220;We&#8217;ll be watching financial conditions to see they are appropriately tight\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOMC Chairman Jerome Powell is commenting on the policy outlook following the Federal Reserve&#8217;s decision to raise the policy rate by 75 basis points to the range of 2.25-2.5%.Key Quotes&#8220;No one can be sure on whether we can achieve a soft landing\u201d.&#8220;Balance sheet reduction is working fine, markets have accepted it, and should be able &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8563,6885,7164],"class_list":["post-69131","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-balance-sheet-reduction","tag-fed","tag-powell"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=69131"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69131\/revisions"}],"predecessor-version":[{"id":69136,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69131\/revisions\/69136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51257"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}