W(h)ither the Fed’s balance sheet?
AbstractFederal Reserve policymakers have expressed their support for ultimately shrinking the Fed’s balance sheet and returning the composition of its portfolio to only Treasury securities. Policymakers also favor returning to a fed-funds-rate-targeting procedure or something quite similar. While Fed holdings of some asset classes have been diminishing naturally, the orderly reduction of others could involve special tools that the Fed has been putting in place for a while. An ongoing issue will be to determine an optimal sequence of appropriate actions.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (2010)
Issue (Month): Jul 23 ()
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