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Powell: Close but not yet at the moment to stop tapering.

Jin10 data reported on September 18, Fed Chairman Powell stated that the Fed is approaching but has not yet reached the moment when it needs to stop its long-standing quantitative tightening measures of reducing its balance sheet. Powell pointed out that reserves in the financial system remain ample, “we are getting close” to the moment when the Fed can stop reducing cash and bond holdings, but the current pace of reduction is quite small and will not have a broader impact on the economy.

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