By September, we anticipate having up to $ billion of securities rolling off the Fed’s portfolio each month. This pace will reduce the Fed’s securities holdings by about $ trillion over the next year, and the reductions will continue until securities holdings are deemed close to the ample levels needed to implement policy efficiently and effectively.
São Paulo is the financial and economic centre of Latin America and, for that reason, the Bundesbank has been sending a representative to the German Consulate General here since 2005. Today, a new representative has taken up office.