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From: theMagician (Rep: 6287) reply to bucyrusDate: 09/19/2019 17:34
Forum: Wall Street Pit - Msg #2800274Thread #674099694 (Rec: 3)
Re: stated it to a question after testimony,,The reference is to Powell’s press conference remarks in response to a question about whether the Fed had underestimated the amount of reserves necessary for the banking system.

“We’ve tried to assess [demand]”, Powell responded. “But yes, it’s certainly possible. We’ll be looking at this carefully in the coming days and taking it up at the next meeting”. “We may resume organic balance sheet growth earlier than originally thought”, he added.



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Reply to bucyrus - Msg #2800273 - 09/19/2019 17:11

correct me if I'm wrong. Reading Powell's testimony I see no QE.. I do see a response related to the NY Fed intervention... expanding the balance sheet for emergency accomodation but not wholesale QE
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