B/S unwind should start some time this year
– B/S unwind won’t involve asset sales (the Fed simply will not repurchase a par amount of securities that mature).
Kaplan is a voting member on the FOMC this year.
B/S unwind should start some time this year
– B/S unwind won’t involve asset sales (the Fed simply will not repurchase a par amount of securities that mature).
Kaplan is a voting member on the FOMC this year.