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Fed Plans to Wind Down $2.2 Tril. Stake
Link: http://www.koreatimes.co.kr/www/news/opinon/2010/02/160_60822.html
The Federal Reserve Board faces a delicate task. Having pumped $2.2 trillion into the economy to fight the recession, it must start pulling that money back. It would have to sop up over half of that liquidity to get back to pre-recession levels. The problem: Do it too quickly and the Fed might cut off or curtail the recovery. Wait too long and risk setting off a punishing round of inflation.
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