Category Archives: Federal Reserve Bank of San Francisco President Mary Daly

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Federal Reserve capitulates again

Seal of the United States Federal Reserve System.
On Sept. 20, 2017, the Federal Open Market Committee announcement included an unusual statement in its next-to-last paragraph: “In October the Committee will initiate the balance sheet normalization process described in June 2017 Addendum to the Committee’s Policy Normalization Principles and Plans

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