Economics
Fed Hints a Bias Toward Hiking Endures as Balance-Sheet Rolloff Nears End
- Officials backed annoucing balance sheet plan before too long
- Despite growing risks debate never points to possible rate cut
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Federal Reserve policy makers see 2019 marking the end of their balance sheet run-off, but not necessarily their interest-rate increases.
Minutes of the central bank’s Jan. 29-30 policy meeting released on Wednesday showed “almost all participants” agreeing it best to halt roll-offs this year, a move that should be welcomed by investors worried the balance sheet draw-down is hurting the economy.