Lorie Logan on Monetary Policy Operations, the Fed’s New Standing Repo Facility, and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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How Do Asset Purchases Work?
It appears the minis to day that there's going to be some c t, or actual run off, occurring this year. How would we see in your office, the federal reserve in general due balance sheet reduction? Well, maybe it's useful just to take a step back and talk about the asset purchases themselves as a standard tool in the fence tool kit,. Then come back to mecanically, how they work as we begin to slow that process and ultimately decrease the size of the balance heap.
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