Correspondent, Chicago
Ann's Feed
May 9, 2014
May 8, 2014
May 8, 2014
May 8, 2014

Could take 5-8 years to shrink Fed portfolio: Yellen

NEW YORK/WASHINGTON (Reuters) – The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen said on Thursday.

Yellen, in testimony to a Senate panel, said no decision had yet been made on the central bank’s portfolio of assets, which has swollen to $4.5 trillion from about $800 billion in 2007.

May 8, 2014
May 8, 2014
May 8, 2014
May 8, 2014
May 8, 2014
May 7, 2014
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
    • More from Ann

    • Follow Ann