Members of the Federal Reserve are preparing to begin reducing the size of the central bank's balance sheet soon after raising interest rates, the minutes of the latest Federal Open Market Committee meeting revealed.
The minutes of the December 14-15 meeting, released on Wednesday, showed participants had initial discussions about the appropriate conditions and timing for reducing the Fed's approximately $8.8 trillion portfolio of Treasury and mortgage securities.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.