Can the Fed shrink its $9tn balance sheet without causing market mayhem?
FT 7 April 2022
https://www.ft.com/content/6cbb371a-15f8-4cb3-b876-9a141e719770
Lael Brainard suggests US central bank is prepared to take ‘stronger’ action on raising interest rates
“It is of paramount importance to get inflation down,” she said
FT 5 April 2022
https://www.ft.com/content/848a70fe-557b-40a0-949b-70acc6ac6905
Fed to Prune Balance Sheet by $1.1 Trillion a Year
March meeting minutes show monthly reduction of $95 billion
One or more 50 bp rate hikes viewed by ‘many’ as appropriate
FOMC is expected to approve the balance-sheet reduction at its next gathering on May 3-4.
Bloomberg 6 April 2022
Global Bond Selloff Deepens as Fed Steps Up Tightening Rhetoric
Treasury 10-year yields breach bottom of 2018-19 ranges
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