The Fed wanted its balance-sheet policy to be dull. It is anything but
Tag: Unwinding
China starts unwinding Anbang, its would-be financial giant
Terminal velocity “WHEN it comes to the meaning of life, we will all return to zero one day.” So philosophised Wu Xiaohui, a Chinese tycoon, as he reflected on his success in 2015. Little did he realise how soon his words would be proved true. He founded his firm, Anbang, as a small car-insurance company […]
The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding
After a historic buildup of its bond portfolio to support the collapsing U.S. economy following the financial crisis, the central bank plans to shrink its holdings. Financial markets are taking this prospect in stride so far, but this is uncharted territory. WSJ.com: What’s News US
