Fed's Yellen: We could start trimming balance sheet relatively soon
|During a Q&A session, Fed's Chairwoman Janet Yellen has said the central bank has made no decision on when to start balance sheet reductions.
Key quotes (via Reuters):
- Fed wants to give advance warnings about balance sheet policy so markets can prepare
- Fed has made no decision on when to start balance sheet reductions
- Fed could start trimming balance sheet relatively soon
- Says was pleased to see Treasury report endorsed main objective of Volcker rule
- Labor market is tight
- Says employers are having difficulties finding workers with right skills
Market updates post-FED:
AUD/USD backs away from session highs after Fed delivered a hawkish rate hike
USD/CHF rises to 3-day highs after FOMC decision
Yellen defends the hawkish rate hike, EUR/USD surrenders gains
NZD/USD eases from 4-month highs during Yellen's presser
US Dollar spikes toward 97 on hawkish Yellen
USD/JPY recovers further with Yellen
GBP/USD downside eyes a break of 1.2720 post FOMC
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.