Fed Grip on $2.5 Trillion Treasury Stash Seen Firm for YearsBy and
Day of reckoning pushed off as bets on higher rates fade
Reinvestment policy linked with pace of target normalization
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.
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