Today news
About the same in other media
Fed’s Mester Supports Moves to Accelerate Balance-Sheet Wind-Down
Reading now: 667
Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that as part of the central bank’s looming effort to shrink the size of its nearly $9 trillion balance sheet, she’d support taking active measures to speed that process along.
“While our principles state that we will reduce balance-sheet assets primarily by adjusting the reinvestment amounts of the principal payments we receive on our assets, I would support selling some of our mortgage-backed securities at some point during the reduction period to speed the conversion of our portfolio’s composition to primarily Treasurys,” Ms. Mester said in remarks given before a virtual gathering held by the European Economics and Financial Centre.
Read more on wsj.comAbout this in other media
Transcript: Former Boston Fed Chief Urges Faster Wind-Down of Central Bank Asset Holdings wsj.com /2 years ago
Women apply in their thousands to drive trains in Saudi Arabia theguardian.com /2 years ago
Minutes show Fed ready to raise rates, shrink balance sheet soon cnbc.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
