At its meeting this week the Federal Reserve reduced the balance-sheet run-off cap for Treasuries to $5 billion per month, from $25 billion.
But with reserves abundant and funding markets calm, it’s not clear why.
At its meeting this week the Federal Reserve reduced the balance-sheet run-off cap for Treasuries to $5 billion per month, from $25 billion.
But with reserves abundant and funding markets calm, it’s not clear why.
