Fed officials divided on when to begin balance-sheet unwind

FEDERAL RESERVE OFFICIALS were split on when and how to shrink the Federal Reserve's balance sheet, minutes from the Fed's June meeting showed. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS
FEDERAL RESERVE OFFICIALS were split on when and how to shrink the Federal Reserve's balance sheet, minutes from the Fed's June meeting showed. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS
NEW YORK - A divided Federal Reserve policy committee couldn’t reach an agreement in June on the timing of when to begin shrinking its massive balance sheet, according to minutes of the meeting. “Several preferred to announce a start to the process within a couple of months,” the minutes of the June 13-14 meeting released…

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