The one sentence I found most interesting
The minutes to the FOMC meeting of 3 weeks ago was uneventful but I did find this one sentence most interesting as I shift my focus, and the markets should too, to the Fed’s balance sheet with the committee done raising interest rates, I believe. Here it is: “A few participants noted that the process of balance sheet runoff could continue for some time, even after the Committee begins to reduce the target range for the federal funds rate.”
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