WASHINGTON (AP) — A member of the Federal Reserve's interest-setting committee says it would be appropriate for the central bank to start trimming its $4.5 trillion balance sheet at its next meeting in September, but wait until December before raising a key interest rate again.
Charles Evans, the president of the Fed's regional bank in Chicago, says he does not expect the balance sheet reduction to make much of a market impact because the move has been "well-choreographed.
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