FOMC members want plan to end balance sheet reduction, minutes show

US Federal Reserve building

Most of the US Federal Open Market Committee said plans for ending balance sheet reduction this year should be announced soon, according to the minutes of their January meeting.   

Some FOMC members also said they were still considering further interest rate increases according to the minutes, released on January 20.

Almost all of the FOMC members “thought it would be desirable to announce before too long a plan to stop reducing the Federal Reserve’s asset holdings later this year,” the

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