April 19, 2017
Boston Fed President Rosengren: Balance Sheet Reduction Should Begin 'Soon'
By Giovanni Bruno
The Street, April 19, 2017. All Rights Reserved.
Boston Fed President Eric Rosengren today said that he is prepared to begin the process of reducing the Federal Reserve's vast balance sheet, according to the Financial Times.
"In my view that process could begin relatively soon, and should not significantly alter the (Federal Open Market Committee's) continuing gradual normalization of short-term interest rates," Rosengren said today at the Hyman P Minsky Conference at Bard College….