Powell expected to weigh in on recent Treasury market turmoil

CoinRank News: MFS Investment Management chief economist and portfolio manager Weissman said in a report that Federal Reserve Chairman Powell may point out at this weeks meeting that the U.S. Treasury market is functioning normally after a brief period of turbulence. Powell may also point out that liquidity tools are available if market conditions permit. In addition, as bank reserve balances continue to decline, some may advocate for a complete end to quantitative tightening. But Weissman said that given that the Fed has just slowed the pace of quantitative easing, Powell is unlikely to feel the need to take more action in this area in the near future. (Jinshi)