- Analytics
- News and Tools
- Market News
- Fed's Evans: Can start balance sheet reduction and raise rates at the same meeting
Fed's Evans: Can start balance sheet reduction and raise rates at the same meeting
Chicago Fed President Charles Evans said on Thursday that the Fed can begin its balance sheet reduction and raise interest rates in the same meeting, reported Reuters. The risk of slowing the economy into recession isn't high, Evans said. The Fed won't need asset sales until it is well into its balance sheet reduction, Evans added but may need a "cleanup operation" to remove mortgage-backed securities.
Separately, Evans also noted that the data will be an important part of the decisions on the pace and steepness of rate hikes. Evans added that he supports starting to reduce the balance sheet relatively quickly and favours a "pretty brisk pace".
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
