US Federal Reserve May Begin to Reduce Assets Balance in the Near Future

Forex News

Minutes of the meeting of the US Federal Reserve for June 13-14, showed that FOMC representatives were divided on the issue on the timing of the reduction of the balance sheet. Members of the Federal Open Market Committee at the meeting on June 13-14 prepared plans to start reducing the balance of bonds and other assets in the next few months.

The Federal Open Market Committee raised the base interest rate to 1-1.25%. As a result, almost all members of the regulator, including Fed Chair Janet Yellen, agreed with the tightening of monetary policy.

But still, against the rate hike expressed Minneapolis Fed president Neel Kashkari, who considered the weak inflation indicators in the country an obstacle to tightening monetary policy. The next meeting of the regulator will be held on July 25-26.