U.S. Fed plans to shrink balance sheet by 95 bln USD a month: minutes

WASHINGTON, April 6 (Xinhua) -- U.S. Federal Reserve could begin reducing the size of its balance sheet as soon as May, with officials signaling their support for a monthly caps of 95 billion U.S. dollars, according to the minutes of the Fed's latest policy meeting released Wednesday.

Many participants noted that they would have preferred a 50 basis point increase in the target range for the federal funds rate at the March meeting, but a number of these participants indicated that in light of the uncertainty amid the Russia-Ukraine conflict, they judged that a 25 basis point hike would be appropriate.