Federal Reserve officials are set to accelerate deliberations at their meeting next week over how to scale back their easy-money policies amiddiscussions are focusing on two important questions
: When to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The answers matter greatly to financial markets because Fed officials have said they aren’t likely to consider raising interest rates from near zero until they are done tapering the asset purchases.
Some officials have discussed concluding the purchases around October 2022 so they could lift rates later that year if the recovery is stronger or inflation is higher than now anticipated. The Fed began buying large quantities of the securities in March 2020 when the Covid-19 pandemic triggered a near-meltdown in financial markets. The purchases aim to hold down long-term interest rates to encourage borrowing and spending.
I've told the Fed, i don't know how many times, that I can spend that $120 bln a month for them, and they don't seem even remotely interested.
Too little too late. The inflation cats been let out the bag, and foreign central banks do not like our bonds. The only people that do are institutions trading on margin.
Won't happen anytime soon. The more debt they issue the more power they have. THat's what they want.
They still pretend they can stop?
thanks
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