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Apr 6, 2022

The Fed’s plan to shrink its balance sheet

It involves steeper interest rate hikes and big sales of bonds. Plus: The economic impact of undercounting communities of color.

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The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. - The Federal Reserve is expected to announce the first interest rate increase since the Covid-19 pandemic began at the conclusion of its policy setting meeting later today.
The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. - The Federal Reserve is expected to announce the first interest rate increase since the Covid-19 pandemic began at the conclusion of its policy setting meeting later today.
Saul Loeb/AFP via Getty Images

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The Fed’s plan to shrink its balance sheet