The Federal Reserve said on Wednesday that it will reduce the pace of the drawdown of its still-massive balance sheet, as it faces challenges in assessing market liquidity during an ongoing impasse over lifting the government’s borrowing limit.

Slowing its balance-sheet runoff means the Fed will buy more Treasuries. But don’t look for any big downdraft in yields.

The Fed kept rates steady, gave Treasury runoff plans, and warns of economic uncertainty. Chair Powell emphasized potential policy changes. Click for more.