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Russian President Vladimir Putin: The Ukrainian authorities did not hold elections in their own country, but tried to prevent Russia from holding elections.On September 19, NATOs Supreme Allied Military Commander, U.S. Air Force General Alex Greenkevich, participated in a virtual briefing by the U.S. Department of Defense on Friday regarding an assessment of U.S. troop deployments in Europe. His spokesperson stated that Greenkevich, in his capacity as Commander of U.S. European Command, advised Pentagon policy director Elbridge Colby on the ongoing assessment of U.S. force deployments in Europe. The spokesperson noted that the assessment was conducted against the backdrop of European countries assuming increasing defense responsibilities, while NATO continues to strengthen its alliance and transition towards a "NATO 3.0" phase.September 19th - According to the Washington Post, multiple U.S. officials revealed that the actual number of U.S. military deaths since the start of the conflict with Iran may be higher than the Pentagons publicly released figures. Currently, the Pentagons casualty database shows 18 U.S. military personnel dead, but five informed officials say the actual death toll is at least 22, and another official says it could be 23, with some deaths not listed in the public database. Officials stated that the undisclosed deaths involve U.S. military personnel who died while on missions in the Middle East, but their identities, dates, and causes have not been disclosed. The Pentagon declined to comment on the discrepancies in casualty statistics. The report also stated that since the conflict began on February 28th, more than 820 U.S. military personnel have been injured, many suffering brain injuries as a result of Iranian attacks on U.S. bases.According to the Washington Post, the number of U.S. military personnel who died during the war with Iran exceeds the number publicly disclosed by the Pentagon.German government sources say an agreement has been reached on fuel price relief measures.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


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