PRESS ROOM
US Fed maintains its dovish tone
Tuesday 15th October '19
Comments by US Federal Reserve (Fed) Chairman Powell were notably dovish describing the current period as a mid-cycle slowdown but noting that the Fed is data dependent with “a healthy dose of risk management”. Powell confirmed that the Fed will soon resume allowing natural growth in its balance sheet by buying short term Treasury Bills to help avoid problems in the short-term money (repo) market as seen lately.