In response to the report, U.S. authorities said Fed holdings of securities are expected to decline "in a gradual and predictable manner."
"Under the baseline outlook, the intention is for changes to the balance sheet to be quietly operating in the background over the next several years with minimal effects on financial conditions," U.S. authorities said, suggesting Fed's future balance sheet "would be appreciably below that seen in recent years but larger than before the financial crisis."
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2020-09-15
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