Last Friday, Eastern Time, Fed Chairman Powell published a column in the Wall Street Journal, continuing to speak out to stabilize the hearts of the people, promising that the Fed will "fully" support the economic recovery, as long as the economy needs it, the Fed will continue to provide support. Although Powell has noticed a substantial improvement in the economy, the Fed will maintain its accommodative policy because "the recovery is far from complete."
The Federal Reserve announced on Friday that the supplementary leverage ratio (SLR) relief measures will expire on March 31 and will not be extended. Federal Reserve officials are optimistic that they do not believe that commercial banks need to sell U.S. debt to meet reserve requirements. With the current reserves of approximately US$1 trillion, banks only need to make fine adjustments.
It is understood that Powell will continue to make public appearances this week to continue to appease market sentiment.
