• Notes on the Fed Announcements

    2 monthes ago - By Aleph Blog

    Photo Credit: City of Boston Archives ========================== Listening to the Fed Chair's press conference, there was one thing where I disagreed with what Powell was saying. He said a few times that they only made one decision at the FOMC meeting, that of raising the Fed Funds rate and the reverse repo rate by 0.25%. They made another decision as well. The decided to raise the rate of quantitative tightening by increasing the rate of Treasury, MBS and agency bonds rolloff by $10B/month starting in April. They did that by increasing the rate of reduction of MBS and agency bonds from...
    Read more ...