Apr
05
Fed Is Expected to Pare Investment Holdings, Officials Signal
ByWASHINGTON — The Federal Reserve expects to start reducing its huge investment holdings later this year, unwinding a giant program undertaken in the wake of the financial crisis to revive the economy.
The holdings — which amount to more than $4 trillion in Treasuries and mortgage securities — are a legacy of the Fed’s campaign to help the economy recover from the depths of a recession. The Fed, increasingly confident that the American economy is “at or near maximum employment,” is beginning to loosen its grip on the economy, according to an official account that the Fed published Wednesday…
Fed Is Expected to Pare Investment Holdings, Officials Signal
