Fed Minutes: Most Officials Saw Reduced Balance Sheet ‘Later This Year’
Wall Street Journal, Apr. 5, 2017–Nick Timiraos (subscription)
Federal Reserve officials agreed at their March policy meeting that they would likely begin shrinking a $4.5 trillion portfolio of Treasury and mortgage securities later this year, though they remained undecided on some important tactical questions, such as how quickly to reduce the holdings and to what level.
