Federal Reserve Chairman Powell: In order to ease pressure on the money market, the scale of reserve management purchases is likely to remain at a high level in the next few months. The scale of debt purchases is expected to decline thereafter. Standing repurchase operations are a key tool to ensure that the federal funds rate remains within the target range.

Federal Reserve Chairman Powell: In order to ease pressure on the money market, the scale of reserve management purchases is likely to remain at a high level in the next few months. The scale of debt purchases is expected to decline thereafter. Standing repurchase operations are a key tool to ensure that the federal funds rate remains within the target range.