Central Banks
Fed Favors Reducing Monthly Asset Runoff Pace by Roughly Half
- Minutes show vast majority would slow QT ‘fairly soon’
- ‘Almost all’ officials saw rate cuts as appropriate this year
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Federal Reserve policymakers “generally favored” slowing the pace at which they’re shrinking the central bank’s asset portfolio by roughly half, minutes from their latest gathering showed.
The record of the March 19-20 Federal Open Market Committee meeting also showed “almost all” officials judged it would be appropriate to begin lowering borrowing costs “at some point” this year. However, inflation data since then has upended expectations for three interest-rate cuts this year.