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FED News: March FOMC Minutes Reveal Internal Debate Over QT Slowdown
The March FOMC meeting minutes revealed a quiet tug-of-war inside the Federal Reserve. The central bank recently decided to sharply slow down its balance sheet reduction, also known as quantitative tightening (QT), dropping Treasury runoff caps from $25 billion to $5 billion per month. While this move had broad support, the minutes show it wasn’t without internal pushback. Some policymakers, including Governor Christopher Waller, weren’t happy with the slowdown and preferred to stay on track with the original QT pace.