As Federal Reserve officials remove the extraordinary support offered to the economy during the pandemic, the next step will be to raise interest rates and then decrease the size of the central bank’s balance sheet, it said on Monday. Friday (14) New York Fed President John Williams.
“Monetary policymakers probably won’t wait as long as they used to to start reducing the more than $8 trillion in their bond portfolio,” Williams said. He pointed out that the balance sheet is much larger than it was after the last financial crisis.
“The situation is very different in terms of where the economy is and the direction the economy is going,” the executive told reporters.
The policymaker said it makes sense for the central bank to remove monetary accommodation this year after seeing high inflation and a dramatic improvement in the labor market.
Reference: CNN Brasil
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