We were lucky enough to get an early release of the FOMC statement that will be released later today and wanted to share it with you:
“To help support our $1.7 trillion portfolio of MBS securities, the Committee decided today to double down and take on even more risk on the Federal Reserve’s balance sheet by purchasing a bunch of Treasury securities. The Committee is prepared to provide additional accommodation if needed to support our balance sheet and take on the risk of inflation even though that is against our dual
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