Fed Chair Janet Yellen previously announced that the unwind of their balance sheet of over $4 trillion would begin October 1st.
PSYCH!!
As of 10/25/17, the Fed’s balance sheet ‘unwound’ by 0.17%. Or 7.38 billion. Hardly an unwind.
This post was published at Wall Street Examiner by Anthony B Sanders ‘ October 27, 2017.
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