Mises Wire
Author:
C.Jay Engel
Online Publish Date:
Echoing the thoughts of Yellen and other Fed members, the Dallas Fed’s Robert Kaplan indicated that the $4.5 trillion balance sheet should begin the scale-back process this year. “Gradually and patiently” was the phrase used, as they are ever wary of a tantrum on Wall Street. Reuters reports: “My view is we could start that process as soon as