© Archyde.com/LEAH MILLIS
FILE IMAGE. View of the Federal Reserve, in Washington, USA
April 6 (Archyde.com) – Federal Reserve officials “broadly agreed” at their March meeting to cut $60 billion a month from their Treasury assets and $35 billion from their holdings of mortgage-backed securities, with the staggered amounts over a period of 3 months “or a little more”, the minutes of the session showed.
Meeting participants also “generally agreed” that, once the balance sheet decline is “well under way,” outright sales of mortgage securities would be appropriate to consider.
No final decision was made, according to the minutes, but officials made “substantial progress” and might “begin the balance sheet reduction process as soon as following the conclusion” of the next Fed meeting in May.
(Edited in Spanish by Javier Leira)
