FOMC Minutes Reveals Fed Bait-and-Switch on Rate Hikes

2 years ago
118

The minutes were released from the lates Fed meeting and it indicates a more dovish approach than what fed officials have been indicating over the last week or so. However, it did indicate the Fed is willing to get much more aggressive in its approach to fight inflation if inflation pressures don't respond to the measured rate hikes and balance sheet taper. They may even go as far as "significantly" reducing their balance sheet by selling all mortgage backed securities.

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