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WASHINGTON, July 7 (Xinhua) -- The U.S. Federal Reserve currently expects to begin shrinking its balance sheet this year if the economy evolves broadly as
anticipated, the central bank said Friday in its semiannual report to the
Congress.
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The Fed's balance sheet has ballooned to around 4.5 trillion U.S. dollars following three rounds of quantitative easing programs to withstand the impact
of the 2008 global financial crisis.
As the U.S. economy is back on track for steady growth, Fed policymakers are preparing to unwind its crisis-era policies to avoid igniting inflation
pressures or pumping up asset bubbles.
The Fed last month raised the benchmark interest rates for the fourth time since December 2015 and unveiled a plan to trim its holdings of U.S. Treasury
bonds and other mortgage-backed securities later this year.
Xi urges BRICS to promote open world economy, multilateralism, common development
China marks 80th anniversary of nationwide war against Japan
Aircraft carrier "Liaoning" sails near Lamma Island in HK
Rare photos commemorate 80th anniversary of "July 7 Incident"
Main structure of Hong Kong-Zhuhai-Macao Bridge finished
Aircraft carrier "Liaoning" sails near Lamma Island in HK
Tourists visit Int'l Bazar at Urumqi in NW China's Xinjiang
Lotus flowers blossom across China
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