Federal Reserve Chairman Powell: Quantitative easing will only be used when interest rates are at zero

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that liquidity remains ample, the balance sheet is still being reduced, and attention will be paid to the conditions in the repo market. When market conditions slightly exceed 'ample', an attempt will be made to halt the reduction of the balance sheet, but no exact number can be provided, and there is still a long way to go. Quantitative easing will only be used when interest rates are at zero.