Swiss Economicblogs.org
The FOMC is widely expected to vote in favor of reducing the system’s balance sheet this week. The possibility has been called historic and momentous, though it may be for reasons that aren’t very kind to these central bankers. Having started to swell almost ten years ago, it’s a big deal only in that after so much time here they still are having these kinds of discussions. My own view on the topic is the same as...
Read More »Why The Fed’s Balance Sheet Reduction Is As Irrelevant As Its Expansion
