Fed policymakers suggested maintaining or slightly increasing balance-sheet unwind pace, with differing opinions on tapering.
A few Federal Reserve policymakers signaled they could have supported maintaining the central bank's balance-sheet unwind at the current pace or a slightly higher limit than the announced reduction. Fed lowered the cap for Treasuries maturation without reinvestment from $60bn to $25bn, starting June. Not all FOMC members agreed on the tapering, as some believed the caps weren't being met and others supported a slower pace.
May 22, 2024
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