Federal Reserve signals end to balance sheet reduction this year

Financial Times/Sam Fleming/2-20-2019

“Federal Reserve policymakers signalled the central bank will complete the job of reducing its multitrillion-dollar balance sheet this year, in a boost to financial markets that have in recent months been unnerved by the process.”

USAGOLD note:  It is uncertain if the Fed meant it would “end” quantitative tightening this year, or “announce a plan to end it” by the end of the year.   The markets seemed unsure of what to make of the minutes’ release yesterday.  It might take a few days for the true reaction to manifest itself.

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