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Trump Allies Urge Fed to Cut Balance Sheet and Revive Credit

  • Central bank’s asset purchases harmed economy, Malpass says
  • Hensarling has also criticized Fed’s $4.5 trillion portfolio
Bloomberg business news

Does Trump Spell Trouble for the Fed's Independence?

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Bond investors may have another reason to worry after Donald Trump’s election last week: Some of his allies are not fans of the Federal Reserve’s big balance sheet of bonds and want the central bank to shrink it.

QuickTake The Fed Lifts Off, Barely