FOMC triggers balance sheet wind-down

Janet Yellen
Janet Yellen unveils the decision to begin shrinking the Fed’s balance sheet

The Federal Open Market Committee has taken the long-awaited decision to begin winding down asset holdings accumulated during the quantitative easing programmes in the wake of the financial crisis.

At its meeting on September 20, the FOMC voted unanimously to trigger the process of ending reinvestment of principal payments, starting in October. The committee also kept the policy rate on hold in the range of 1–1.25%.

The US dollar jumped in the immediate aftermath of the decision against

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