Federal Reserve officials face a pressing decision this week unrelated to interest rates: whether to conclude the reduction of the central bank’s $6.6 trillion asset portfolio in the coming days or to continue the process until the end of the year.
This represents a notable shift in timing, as a year-end decision had seemed likely just two weeks ago. At that time, Fed Chair Jerome Powell stated in a technical address that the central bank was approaching the point “in coming months” to end its three-year campaign to shrink its holdings.
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