Fed Grip on $2.5 Trillion Treasury Stash Seen Firm for Years

  • Day of reckoning pushed off as bets on higher rates fade
  • Reinvestment policy linked with pace of target normalization

The One Thing the Fed Should Say, but Doesn't

The Federal Reserve’s liftoff from near-zero interest rates in December sparked angst over how quickly the central bank would start whittling down its $2.5 trillion hoard of Treasuries.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.