Kaplan Endorses the Balance Sheet Plan
Fed's Kaplan: Fed can start shrinking the $4.5 trillion balance sheet this year.
Fed's Kaplan: Fed can start shrinking the $4.5 trillion balance sheet this year.
At a recent public discussion, Yellen continued to claim she intends to end stimulative monetary policy.
Whether the original source of the Medley leak is found, the episode shows more transparency is needed at the Fed.
The FOMC minutes continue the emphasis on the balance sheet. They've started raising the Fed Funds target, how far can they get on the balance sheet?
Richmond Fed President Lacker says he was source of the 2012 Medley leak and announces his immediate resignation.
The Fed's 2017 narrative is balance sheet adjustment. But how far can they get without a market protest?
Monetary policy has become unhinged since the most recent financial crisis and the Fed’s balance sheet has exploded to unprecedented levels.