Fed's Brainard sees balance sheet reduction soon and 'at a rapid pace' - CNBC

Brainard said that policy tightening will include a speedy reduction in the balance sheet and a steady pace of interest rate increases.

Federal Reserve Governor Lael Brainard, who normally favors loose policy and low rates, said Tuesday that the central bank needs to act quickly and aggressively to drive down inflation. In a speech … [+1915 chars]

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