U.S. Treasury Secretary: Trump's MMT Plan Aims to Combat Fed Balance Sheet Contraction
BlockBeats News, January 12, U.S. Treasury Secretary Scott Bessent said last Friday that the goal of the Trump administration's mortgage-backed securities (MBS) purchase program is to roughly match the pace of its purchases with the pace of these bonds "rolling off" the Fed's balance sheet.
Bessent said in an interview with Reuters, "The reality is that the Fed is shrinking by about $15 billion of bonds a month, so the idea is to roughly match the Fed's actions, which have been pushing in the opposite direction."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreAccording to the latest documents disclosed by the U.S. Securities and Exchange Commission (SEC), NVIDIA has set a target incentive opportunity for its executive Colette M. Kress.
Savara Inc (NASDAQ: SVRA) recently announced that it has received a Day 74 letter from the U.S. Food and Drug Administration (FDA).
Crypto prices
More
