The Federal Reserve is close to a timetable on when it will stop reducing the amount of bonds it is holding on its balance sheet, Chairman Jerome Powell said Wednesday. Determining the ultimate size and composition of the fixed income portfolio has been a key concern for investors nervous about how much further the Fed will tighten monetary policy.
On a related matter, he said the Fed also is not considering raising its inflation target. The central bank considers 2 percent a healthy level for inflation but has fallen short of that target through much of the recovery. One alternative floated to generating some inflation would be for the Fed to increase its target, which could cause a rise in expectations.
And begin QE 5 🤣🤣🤣
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