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Powell says the Federal Reserve will expand its balance sheet ‘soon’

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)

  • Federal Reserve Chairman Jay Powell said Tuesday the central bank would increase purchases of government-backed securities over time.
  • Speaking before the National Association for Business Economics in Denver, Powell said the plan to grow the balance sheet would be announced “soon.”
  • The move followed weeks of volatility in money markets, which sparked discussion of the amount of reserves in the financial system.
  • Visit Business Insider’s homepage for more stories.

Federal Reserve Chairman Jay Powell said Tuesday the central bank would increase purchases of government-backed securities over time, a move that followed weeks of volatility in money markets.

Speaking before the read more >>>

Source:: BusinessInsider.Com