http://www.theepochtimes.com/n3/962444-fed-balance-sheet-to-take-years-to-shrink-says-yellen/
"Federal Reserve Chair Janet Yellen says “it could take until the end of the decade” to shrink the Fed’s record investment portfolio to more normal levels."
Aww come on... somebody ought to have asked her during the conference... to shrink the balance sheet to normal levels within 5 years means that the Fed has to sell $700b worth of bonds per year. Who is going to buy?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment