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US Federal Reserve should start reducing balance sheet 'soon': Brainard

The Fed has been buoyed by strong US employment and continued economic growth


The Federal Reserve should begin reducing its $4.2 trillion holdings of government bonds and other securities soon as long as economic data on U.S. jobs and growth holds up, Fed Governor Lael Brainard said on Tuesday. "I believe it would be appropriate soon to commence the gradual and predictable process of allowing the balance sheet to run off," Brainard, a cautious voice on rate increases, said at a central banking conference in New York. The Fed has been buoyed by strong U.S. employment and continued economic growth, and has raised interest rates twice this year ...

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First Published: Wed, July 12 2017. 00:09 IST