Fed Funds oförändrad
Officials again left interest rates alone,
but signaled it may cut them twice this year
Trump’s tariffs The Fed Is Clueless Like everyone else
Despite this, markets liked what they heard from Jay Powell.
Fed funds rate unchanged, as universally expected, and
caused a bit of a surprise by tinkering with the quantitative tightening regime for reducing the size of its balance sheet by selling bonds.
That’s a move toward easier money, although Powell explained it as a technical maneuver to guard against sucking up too much liquidity in the bond markets.
John Authers Bloomberg 20 mars 2025
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