According to WSJ, Federal Reserve Chairman Jerome Powell stated in his speech that the balance sheet reduction plan might conclude in the coming months due to the recent strengthening of several overnight financing rates, prompting the Fed to reassess the progress of QT. Powell also warned that if Congress revokes the Interest on Reserves (IOR) mechanism, the Fed could lose effective control over short-term rates, potentially forcing a large-scale sell-off of Treasury bonds or mortgage-backed securities (MBS) in a short period, posing a threat to market stability. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=50250