With a raging debate over Quantitative Tightening (QT), let’s tune into what one Fed governor has to say.
by Mike ‘Mish’ Shedlock
Not Anytime Soon
“Investors are bracing for the central bank to cut back its mortgage holdings by no longer using the principal it gets back to buy more MBS. Eventually, the Fed may look to start selling its remaining MBS as it tries to get its assets down to Treasuries only, but that selling won’t happen anytime soon, Fed Governor Christopher Waller said on Thursday.”
The above snip is from Bloomberg. I cannot find a Waller speech where he made that exact statement but it did appear on Bloomberg Terminal.