By Martin Baccardax Fed minutes suggest plans to ‘expeditiously’ raise interest rates while trimming the central bank’s $9 trillion balance sheet. The Federal Reserve said Wednesday it would be prepared to reduce its $9 trillion balance sheet more quickly than forecast, minutes from the central bank’s March meeting revealed, but largely signaled near-term rate hikes amid the fastest domestic inflation in four decades. The Fed will cap its monthly asset sales at $95 billion each month, comprised of $60 billion in Treasury bonds and $35 billion in mortgage bonds, the minutes indicated, a pace th…
