The Federal Reserve is set to begin expanding its balance sheet again early next year, helping to ease investors’ fears over the daunting borrowing needs of the world’s most important economy.
Fed officials called time on their three-year quantitative tightening programme on Wednesday, with chair Jay Powell acknowledging that the central bank was soon likely to return to becoming a substantial buyer of US Treasuries.
“At a certain point, you’ll want?.?.?.?reserves to start gradually growing to keep up with the size of the banking system and the size of the economy,” Powell said.
您已閱讀9%（583字），剩余91%（5587字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。