Federal Reserve meeting minutes outline a plan to reduce its record-sized balance sheet from nearly $9 trillion to help cool inflation at 40-year highs, potentially starting in May. Here's what happens to the money.
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Minutes of the Federal Reserve’s March meeting released on Wednesday detailed plans for shrinking its nearly $9 trillion balance sheet to help cool U.S. inflation running at 40-year highs, but tricky questions emerge about what happens next to the money in the system.
Does some of the money go out of existence, effectively shrinking the money supply? Or does it go somewhere else?
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