Fed’s balance-sheet unwind will be moment of truth for financial markets
September 18, 2017 at 17:37 PM EDT
The Federal Reserve is slated to start reducing its $4.5 trillion of government securities when its two-day meeting finishes on Wednesday. It will be the first central bank to attempt to pull away from a legacy of monetary accommodation, ending an era of easy policy that has helped prolong the U.S. economy’s expansion into the third longest in history.