Fed says balance-sheet unwind to start `relatively soon’

THE FEDERAL RESERVE said might begin to begin balance sheet normalization as soon as September. / BLOOMBERG FILE PHOTO/ANDREW HARRER
THE FEDERAL RESERVE said might begin to begin balance sheet normalization as soon as September. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - Federal Reserve officials said they would begin running off their $4.5 trillion balance sheet “relatively soon” and left their benchmark policy rate unchanged as they assess progress toward their inflation goal. The start of balance-sheet normalization - possibly as soon as September - is another policy milestone in an economic recovery now…

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