“Participants noted that in light of the current high level of holdings held by the Federal Reserve, it would be appropriate to significantly reduce the size of the balance sheet.” (which amounts to $ 9 trillion). This is what we read in the minutes of the Fomc, the monetary policy arm of the Fed, relating to the meeting of 25-26 January (in which the rates on fed funds were left at the range between zero and 0.25% ).
From the minutes of the Fed led by Jerome Powell it also emerged that some exponents of the FOMC declared that “they are in favor of ending the program of net asset purchases (QE-Quantitative easing, whose expiry is currently expected in March). sooner than expected, to send a stronger signal on the Commission’s intention to bring down inflation “.