Stocks Slide As Powell Confirms Balance Sheet Will Be “Substantially” Smaller…(7…Shutdown Both Systems…)

Thursday, January 10, 2019
By Paul Martin

by Tyler Durden
ZeroHedge.com
Thu, 01/10/2019

Having initially popped as Fed Chair Powell used the word “patient” four times in the first few minutes of his Q&A today, stocks suddenly dropped as he addressed the size of the balance sheet…

Pump…

*POWELL: FED CAN WATCH PATIENTLY AND CAREFULLY

POWELL SAYS FED HAS THE ABILITY TO BE PATIENT ON RATES

*POWELL SAYS FED IS IN A PLACE WHERE IT CAN BE PATIENT, FLEXIBLE

*POWELL: FED WAITING, WATCHING AND CAN BE PATIENT, FLEXIBLE

And Dump…

*POWELL: WE WANT TO RETURN BALANCE SHEET TO MORE NORMAL LEVEL

*POWELL: NOT SURE YET WHAT LONG-TERM SIZE OF B/SHEET WILL BE

*POWELL: B/SHEET TO BE SMALLER THAN NOW BUT LARGER THAN BEFORE

Markets did not like that…

The Rest…HERE

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