Powell Says Fed Has the Tools to Handle Funding Pressures

The transcript discusses the economic outlook and the pressures in money markets, highlighting the Federal Reserve's actions to maintain the Fed funds rate within the target range. It explains the implementation of monetary policy in an ample reserves regime, which has been in place for a decade, and emphasizes the use of administered rates to manage the Fed funds rate. The transcript concludes with plans to closely monitor market developments and assess the appropriate level of reserves, as well as the timing for resuming the organic growth of the balance sheet.

What will the committee be closely monitoring going forward?

What question will the committee be revisiting during the inter-meeting period?