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Fed should run down balance sheet ‘earlier rather than later’ – George

Fed should run down balance sheet 'earlier rather than later' - George

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The U.S. Federal Reserve should begin to reduce its holdings of U.S. Treasury bonds and mortgage-backed securities accumulated during the pandemic in the not too distant future, Kansas City Fed President Esther George said on Tuesday, the latest policymaker to urge a swifter runoff of its balance sheet than during the last tightening cycle.

...read full article on Reuters

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