Fed's Powell Says Overall The Research Tends To Find That Buying Long-Term Assets Lowers Rates And Supports The Economy; I'd Be In The Camp That There Is Something To That; We Haven't Really Seen The Downside Risks To Large Balance Sheet That Many Had Predicted

Federal Reserve Chairman Jerome Powell stated that research indicates purchasing long-term assets can lower interest rates and bolster the economy. He expressed a belief that there are benefits to this approach, noting that the anticipated negative impacts of a large balance sheet have not materialized as expected.