Fed might start balance sheet drawdown in September, FOMC minutes hint

Source: Market Watch

“The Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest. The Fed said last month it would begin to whittle down its hoard of U.S. Treasury bonds and mortgage-backed securities some time this year. At a gathering of senior bank officials in mid-June, ‘several preferred to announce the start of the process within a couple of months,’ according to minutes of the June 13-14 Federal Open Market Committee meeting released Wednesday.” (07/05/17)