The move followed weeks of volatility in money markets, which had raised concerns about the lending system.
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. 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.
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