Fed may start cut­ting as­sets

Los Angeles Times - - THE WEEK -

The Fed­eral Re­serve is ex­pected to an­nounce Wed­nes­day that it will be­gin slowly re­duc­ing the $4.5 tril­lion in as­sets it has on its bal­ance sheet. Fed off icials are try­ing to re­turn to a more nor­mal mone­tary pol­icy af­ter years of rock-bot­tom in­ter­est rates and a dra­matic ex­pan­sion of Fed as­sets that were de­signed to stim­u­late the econ­omy dur­ing and af­ter the Great Re­ces­sion.

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