“After announcing it would do it two weeks ago, moments ago the NY Fed published its first post-taper POMO schedule, which sees a drop from $80 billion in TSY purchases, a number which had been flat ever since the spring of 2020, to $70 billion.”
The Taper Begins: Fed Reveals Only $70BN In Bond Purchases Over Next Month, Down From $80BN | ZeroHedge
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
View more posts