WASHINGTON — The Federal Reserve will begin shrinking the enormous portfolio of bonds that it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.The Fed announced Wednesday that it will let a small portion of its $4.5 trillion balance sheet mature without being replaced, starting in October with reductions of $10 billion a month and gradually [...]
Fed To Start Reducing Bond Holdings
The Associated Press, Times Herald-Record
Wed, 09/20/2017 - 5:06pm
Sections: u.s.
Topics: New York Orange County, NY Middletown
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