February 16, 2022

Federal Reserve officials set plans into motion at their most recent meeting to begin raising interest rates and shed the trillions of dollars in bonds on the central bank balance sheet, according to minutes released Wednesday.

Some officials at the meeting expressed concerns over financial stability, saying that loose monetary policy could be posing a substantial risk.

They indicated that interest rate hikes likely are on the way soon, and they said the unwind of the bond portfolio could be aggressive.

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