Fed’s 5-year balance sheet plan may be interrupted

Fed’s 5-year balance sheet plan may be interrupted - GinaChon -

At its March meeting, the U.S. Federal Open Market Committee discussed plans for reducing the size of the Federal Reserve’s balance sheet, according to minutes released on April 6. The central bank's asset portfolio has grown to about $9 trillion, compared to just over $4 trillion at the end of February 2020 before the pandemic hit and a low below $4 trillion in August 2019.

FOMC participants generally agreed that maximum monthly reductions of about $60 billion for Treasury securities and about $35 billion for agency mortgage-backed securities would likely be appropriate. They also agreed that the caps might be phased in over a period of three months. The reduction process could begin after the FOMC's next scheduled meeting on May 3-4.U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Breakingviews /  🏆 470. in US

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Feds halt monoclonal treatment out of omicron subvariant BA.2 concernsNationwide distribution of one of the last remaining monoclonal antibody treatments is being paused 'effective immediately.'
Read more »

$20-a-month high-speed Internet coming for low-income families, seniors: FedsEligible Canadians will receive a letter from the federal government.
Read more »

Feds investigate electric and hybrid vehicle batteries after 5 recallsAfter recalls by GM, Mercedes-Benz, Hyundai, Stellantis and Volkswagen, feds are investigating 138,000 batteries made by LG.
Read more »

Schools Boss Arrested After Threatening Police Chief Hopeful in Dozens of Creepy Texts, Feds SayAccording to a criminal complaint, Lynn Clark used a 'burner' app to send 99 threatening text messages from her phone in an attempt to intimidate the unnamed contender running for police chief
Read more »

2 Men Charged For Posing As Feds, Giving Lavish Gifts To Secret Service AgentsFederal prosecutors said the men falsely claimed to work for the Department of Homeland Security to integrate with actual federal agents.
Read more »