"We haven’t put a specific target on it” when it comes to
where the balance sheet run down stops, Powell said at an
appearance.
"It will be a couple of years" before reaching the right
level of banking sector reserves, Powell said, adding selling
bonds rather than allowing them to run off passively is "not
something on the list of active things” officials are
considering.
(Reporting by Michael S. Derby; Editing by Chizu Nomiyama)
By Michael S. Derby
Feb 7 (Reuters) - Federal Reserve Chairman Jerome Powell
said Tuesday the U.S. central bank has some distance left to run
in terms of shrinking its balance sheet.
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