Fed to cut rate of U.S. debt reduction from $60 billion to $25 billion a month starting June 1
The Fed's FOMC statement showed that the Fed will slow the pace of balance sheet reduction from June; the pace of U.S. debt reductions will be reduced to $25 billion from $60 billion per month, and the pace of mortgage-backed securities reductions will remain unchanged at $35 billion per month.
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