CNBC Power July 3, 2024
Billion from 60 billion. Pretty aggressive reduction there. That begins in june. A way to think about this, if my numbers are right, is a runoff that had been going at 720 billion a year of treasuries, by the way, down to 300 billion. It left the runoff of Mortgage Backed securities the same t 25 billion. That q2 goes from 60 to 25 on treasuries and begins in june. That is a cap on the reduction. On the economy, the Federal Reserve says continues to say the economy is increasing at a solid pace. It says job gains have emained strong. Inflation has eased but again noted that progress has stalle...