5 hours agoTho BishopToday the Federal Reserve announced that it will finally begin the process of reversing quantitative easing. Following the process it outlined earlier this year, the Fed will start allowing assets (Treasurys and mortgage-backed securities) to mature off its balance sheet, rather than re-investing them as had been its prior policy. The current plan is to start with a billion roll off in October, and increasing quarterly until it reaches billion by October of next year. Considering the Fed’s balance sheet currently stands .5 trillion, the Fed is envisioning a slow, multi-year process. As Philadelphia Fed president Patrick Harker described it earlier this year, the goal is for it to be “the policy equivalent of watching paint dry.”Of course the
Tho Bishop considers the following as important:
This could be interesting, too:
Kai Weiss writes 30 Years Later: Margaret Thatcher’s Vision for Europe Revisited
Matthew McCaffrey writes Frank Fetter and the Austrians
Mark Hendrickson writes Ready for Some Good News?