Fed Minutes May Give Clues on Timing of Balance-Sheet Runoff
- Details on balance-sheet plan clear, but timing still unknown
- Fed’s inflation, asset valuation comments also in focus
The U.S. Federal Reserve Building stands in Washington, D.C., U.S., on Wednesday, June 24, 2009. Federal Reserve officials will probably seek today to reassure investors they can keep short-term interest rates at a record low without igniting inflation.
Photographer: Brendan Smialowski/BloombergThis article is for subscribers only.
Federal Reserve officials have mapped out plans to reduce their $4.5 trillion balance sheet, but they’ve left out one key detail: the starting point.
Clues about whether they’ll begin the asset reduction before another rate hike could come from the record of policy makers’ debate last month. Minutes of that June 13-14 meeting will be released at 2 p.m. on Wednesday in Washington.