trending Market Intelligence /marketintelligence/en/news-insights/trending/KKOFhNOkkFdGOtFNCZ3eKA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Fed's Evans supports reducing balance sheet by September

PODCAST

Episode 11: AI/ML maturity and pandemic effects‬

A room with a view: a non-tech explanation of containers and Kubernetes

Private equity TMT activity making comeback in Europe

Blog

LCD Monthly: Assessing the US loan market one year after the COVID-19 crash


Fed's Evans supports reducing balance sheet by September

Federal Reserve Bank of Chicago President Charles Evans said he supported the central bank reducing its $4.5 trillion balance sheet by September, but cautioned on raising rates again by year-end, according to MarketWatch.

In an interview with reporters Wednesday, Evans, who is a voting member of the Federal Open Market Committee, added that he does not expect any big market reaction from the Fed paring its bond holdings, MarketWatch reported. He said the move has been well-projected.

Evans also said inflation, which is trending below the Fed's 2% annual target, would need to rise before he could support raising interest rates again this year, according to MarketWatch.

The FOMC's next policy meeting is Sept. 19-20.