There shouldn’t be much of an impact on the market when the Federal Reserve begins to reduce its asset purchases, it said Thursday. Federal Reserve Governor Christopher Waller, Reuters reported.
Featured statements
“There is no theory of how big a central bank’s balance sheet should be.”
“The current size of the balance sheet has not caused problems for the financial market or the macroeconomy.”
“We can liquidate our balance sheet by a considerable margin over the next several years if we want to.”
“I have always been in favor of market surveys on inflation expectations.”
“However, you still need to pay attention to household inflation surveys.”
“I’m looking at both sets of data on inflation expectations.”
Market reaction
The US Dollar Index continues to move sideways around 93.60 after these comments.
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