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| ('cnbc.com/2017/04/09/coming-up-this-week-in-business-retail-yellen-banks.html', 2)                                | Why it matters : The Yellen Fed shook up the market last week with talk about starting to unload >>>the $ 4.5 trillion in bonds it has accumulated<<< over the past eight years .                                                                                                  |
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| ('cnbc.com/2017/04/20/the-market-suddenly-doubts-the-fed-will-raise-rates-twice-more-this-year.html', 18)          | " Market pricing of future Fed rate hikes has declined in the wake of weaker GDP and inflation data , >>>signals of an earlier Fed balance sheet runoff<<< and reduced optimism on fiscal easing , " Jan Hatzius , chief economist at Goldman Sachs , said in a note . "           |
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| ('cnbc.com/2017/04/29/ron-paul-fed-actions-will-soon-cause-a-long-overdue-correction.html', 8)                     | In coming months , the Fed also plans to unwind its balance sheet , which holds >>>$ 4.5 trillion in bonds<<< .                                                                                                                                                                    |
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| ('cnbc.com/2017/05/01/fed-could-cut-its-balance-sheet-in-half-bernanke-says.html', 2)                              | Bernanke did not expect the Fed would return its balance sheet to >>>precrisis levels of less than $ 1 trillion<<< .                                                                                                                                                               |
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| ('cnbc.com/2017/07/11/feds-brainard-balance-sheet-runoff-soon-but-rate-hikes-in-doubt.html', 6)                    | >>>The balance sheet<<< is a $ 4.5 trillion compilation of bonds the Fed purchased to rescue the economy from the throes of the financial crisis .                                                                                                                                 |
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| ('cnbc.com/2017/07/24/heres-why-investors-shouldnt-fear-the-federal-reserve-this-week.html', 4)                    | Morganlander expects three further interest rate hikes , by 0.25 percent each , as well as the beginning of a >>>balance sheet reduction<<< .                                                                                                                                      |
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| ('cnbc.com/2017/08/16/fed-minutes-fed-split-over-path-of-rate-hikes.html', 10)                                     | One area that seemed to draw strong consensus was in the plan to reduce the Fed 's $ 4.5 trillion >>>" balance sheet "<<< of bonds it accrued during three rounds of stimulus that began during the financial crisis .                                                             |
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| ('cnbc.com/2017/10/26/house-republicans-tell-trump-not-to-pick-yellen-as-fed-chair.html', 10)                      | They cite the Fed 's " radical monetary experiment " that has included the >>>central bank balance sheet<<< swelling to $ 4.5 trillion thanks to three rounds of bond buying it engaged in to lower interest rates and stimulate the flow of money to riskier assets like stocks . |
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| ('cnbc.com/2017/11/13/strategist-jim-paulsen-warns-returns-about-to-shrink-as-juice-runs-dry.html', 1)             | Since the darkest days of the financial crisis , the Fed has been keeping interest rates low and making sure liquidity is flowing through the financial pipes thanks to the way the central bank has been managing its >>>$ 4.5 trillion debt-laden balance sheet<<< .             |
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| ('cnbc.com/2017/11/16/federal-reserve-president-says-country-needs-more-immigration-to-save-economy.html', 11)     | In addition to the low rates , the Fed ballooned its >>>balance sheet to $ 4.5 trillion<<< through the purchase of government debt and mortgage-backed securities , in an effort to drive down lending rates and boost asset prices like stocks and corporate bonds .              |
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| ('cnbc.com/2017/11/20/janet-yellen-to-leave-fed-after-successor-takes-over-as-chair.html', 12)                     | The Fed 's >>>balance sheet ballooned to $ 4.5 trillion<<< during three rounds of bond purchases , most of which took place before Yellen took over the chair 's seat from Ben Bernanke .                                                                                          |
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| ('cnbc.com/2018/01/17/mester-advocates-for-fed-to-use-rules-based-approach-when-setting-interest-rates.html', 7)   | Particularly during the period of extraordinary policy accommodation — low interest rates and >>>$ 3.7 trillion of bond buying<<< — the Fed sometimes has struggled to communicate its intentions .                                                                                |
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| ('cnbc.com/2018/02/05/yellen-hard-to-tell-if-market-is-in-a-bubble-but-valuations-high.html', 13)                  | In addition , the Fed expanded its bond portfolio , >>>also called its balance sheet<<< , from just shy of $ 800 billion at the end of 2007 to more than $ 4.5 trillion .                                                                                                          |
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| ('cnbc.com/2018/04/03/john-williams-named-to-take-over-key-new-york-fed-president-post.html', 3)                   | In addition , the Fed is in the process of unwinding its portfolio of mortgage and Treasury bonds that had pushed its >>>balance sheet above $ 4.5 trillion<<< at one point .                                                                                                      |
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| ('cnbc.com/2018/06/14/the-fed-steps-toward-an-early-exit-from-its-balance-sheet-reduction.html', 3)                | At stake is the size of >>>the Fed 's balance sheet<<< where it holds the Treasurys and mortgage-backed securities it bought during three rounds of stimulus that began in late-2008 and concluded in October 2016 .                                                               |
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| ('cnbc.com/2018/06/29/the-fed-has-met-its-inflation-target-now-what.html', 9)                                      | That comes amid an operation to shrink the size of the bond portfolio the Fed keeps on >>>its $ 4.4 trillion balance sheet<<< .                                                                                                                                                    |
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| ('cnbc.com/2018/07/30/cramer-on-feds-quantitative-easing-i-think-theyre-doing-it-wrong.html', 12)                  | The Fed 's >>>balance-sheet<<< wind-down has raised questions about the central bank 's broader plans for the post-2008 recovery as its short-term interest rate hikes add up .                                                                                                    |
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| ('cnbc.com/2018/11/28/mnuchin-reportedly-asked-around-to-see-if-there-are-alternatives-to-fed-rate-hikes.html', 1) | Mnuchin has been asking some of the biggest players in the bond market if they would rather see the Fed step up >>>the rundown of its balance sheet<<< than hike short-term rates , according to a Bloomberg post that cited six people familiar with the discussions .            |
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