Just like a request to take out the trash, Yellen and The Fed are saying that the long promised balance sheet unwind will start soon .. like in September.
Why not now? Oh, inflation is sufficiently below their target rate of 2%.
Yes, Yellen has a lot of excess baggage. Here is The Fed’s balance sheet.
Not to mention $2 trillion in excess reserves.
I see Fed people.
Just like The Fed, not every gift is a blessing.