The US Federal Reserve (Fed) President Jerome Powell said on Wednesday that the US central bank would announce a "plan soon enough" for a bankruptcy plan.
In the face of the Financial Services Commission of the House of Representatives, the governor of the central bank determined the monetary policy of the Fed and stated that the bank's leaders agreed to a "plan" to end the shareholders' reduction agreement at the end of the agreement.
"In fact, we do not know how much a demand will be, we must find it over time," said Powell. "I think we'll notify you soon."
The Fed began in October 2016 to increase Treasury invoices and securities by reducing the ceiling of $ 50 million a month.
Confirming its statements on Tuesday before the Senate Bank Commission, Powell said that all Fed assets had nearly $ 4 trillion, nearly $ 310 million in the last half of the year.
The Federal Market Commission, the Central Bank Board of Directors, "may assess the time limit and approximation at the end of the balance reduction," he said.
In the long run, the size of the balances will be the requirement of the Federal Reserve securities, especially foreign currency and bank reserves, he added. F
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