Washington: Federal Reserve Chair Jerome Powell on Wednesday said that while policymakers have decided on a swifter end to the asset purchases that have been padding its easy-money policy throughout the pandemic, they have made no decision yet on whether to start shrinking the central bank's balance sheet.
That issue will be among the many - including whether to raise interest rates to combat stiff inflation - that the Fed will discuss in its coming meetings, Powell said at a news conference after the central bank's latest policy meeting at which it decided to double the pace of its bond purchase "tapering" exercise.