The central-bank leader also suggested the Fed could be close to ending a three-year campaign to passively reduce its $6.6 trillion asset holdings.

The Federal Reserve could be reaching the point in coming months where it could end its ongoing program to shrink its balance sheet, Fed Chair Jerome Powell said, in his remarks to economists. The Fed has slowly but steadily reduced its balance sheet by $2.

Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.

Federal Reserve Chair Jerome Powell suggested Tuesday that the central bank may be on track to lower its interest rate

Fed Chair Jerome Powell on Tuesday said the central bank is nearing a point where it will stop reducing the size of its bond holdings.

Federal Reserve Chair Jerome Powell says the central bank may stop shrinking its balance sheet in the coming months during an event with the National Association for Business Economics in Philadelphia.

Federal Reserve Chair Jerome Powell sees continued downward pressure on the labor market, acknowledging one factor that has the majority of policymakers calling for more rate cuts.

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank may halt its balance-sheet runoff in the coming months. “Our long-stated plan is to stop balance sheet runoff when reserves are somewhat above the level we judge consistent with ample reserve conditions,