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Fed's Powell: Will revisit balance sheet program if reductions cause problems in markets

Jerome Powell, Chairman of the Federal Reserve System, is now responding to questions at a conference organised by the American Economic Association in Atlanta.

Key quotes (via Reuters)

  • Does not feel balance sheet reduction is an important part of market turbulence.
  • To revisit balance sheet plan if Fed concludes reductions are causing problems in markets.
  • On President Trump, says he has not received any direct communication from the White House.
  • Says he would not resign if asked.

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