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Powell’s Last Stand | Danielle DiMartino Booth on May Fed Meeting 2024
Forward Guidance
Federal Reserve's Upcoming Policies and Plans
The recent remarks by Federal Reserve Chair Powell indicate a shift in focus towards balancing the employment and inflation mandates. The market reacted positively, perceiving a reduced likelihood of a rate hike. Powell hinted at the unlikelihood of a future rate hike, surprising some. The Federal Reserve plans to taper quantitative tightening by reducing its balance sheet through treasury rolloff, with a gradual transition to mortgage-backed securities. The anticipated timeline for quantitative tightening is projected to continue until the end of 2025.
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