US President Donald Trump eventually nominated Federal Reserve Governor Jerome Powell as next chairman of the Federal Reserve. Governor Powell has never dissented from the policy actions of the FOMC during his five years as a voting member. However, it remains to be seen how he will make his own mark on the US central bank.
Fed balance sheet
Benjamin Cole | The worldwide bond market tops $100 trillion, and we live in a world (as we are incessantly told) of global capital markets. All told, there is more than $217 trillion in global debt outstanding, and that figure rises by many trillions every year, reports the Institute of International Finance.
Markets are currently looking to the US Federal Reserve’s (Fed) September policy meeting, scheduled for tomorrow and Wednesday. Given the Fed’s statement at its June 2017 policy meeting, the balance sheet reduction should begin gradually at USD 10 billion per month.