Pantheon Macroeconomics - Fed Chair Yellen delivered no great surprises in her semi-annual Monetary Policy Testimony, though she certainly was clear on her attitude to the balance sheet. The Fed does not want to "...use the balance sheet as an active tool of monetary policy."

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15 February 2017 Yellen Says no "Active" Balance Sheet Management from the Fed

By Ian Shepherdson

Fed Chair Yellen delivered no great surprises in her semi-annual Monetary Policy Testimony, though she certainly was clear on her attitude to the balance sheet. The Fed does not want to "...use the balance sheet as an active tool of monetary policy."

Posted: 14th Feb 2017 in 'U.S. Documents'

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