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Fed's balance sheet target still unknown
6/16/2017
Yellen
Mark Wilson/Getty Images

The Federal Reserve's plan for reducing assets does not disclose the target size for its balance sheet, a figure traders need to judge the effect on markets. Regional Fed officials have suggested a figure between $2 trillion and $3 trillion, in line with Chair Janet Yellen's assertion that balance sheet levels will be reduced "appreciably below those seen in recent years but larger than before the financial crisis."

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