“My best estimate is that we will wipe about $2.5 trillion off the balance sheet, but the data will guide us,” the president of the Federal Reserve Bank of Philadelphia said Tuesday. Patrick Harkeras reported by Reuters.
“We want to methodically reduce the balance sheet until we start to see where we have to stopParker added, noting that you are not overly concerned about inflation expectationswhile adding that they are moving in the right direction.
Featured Comments
“I don’t like basing policy on a couple of head numbers.”
“As long as we move consistently to collapse inflation to the downside, we can pause.”
“I don’t want to move interest rates up and then down.”
“We have to balance minimizing job losses with controlling inflation“.
“I think that result is still possible.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
