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On September 13, 2026, the China-World Bank Group Global Ecosystems and Transformation Centre hosted a high-level seminar on the "Two Mountains" theory in Beijing, themed "From Vision to Action: Restoring Nature for Prosperity and Development." Liao Min, Vice Minister of Finance, attended the opening ceremony and delivered a speech. Liao Min stated that China calls on the World Bank and other multilateral development banks to provide more funding, technology, and knowledge to developing countries to strengthen ecological protection, and expects the Global Centre to play its role as a knowledge-sharing platform and provide more global public goods.On September 13, local time, President Xi Jinping attended the second phase of the 18th BRICS Summit in New Delhi and delivered an important speech.September 13th - According to an Associated Press report on September 12th, Terry Tillis, commander of the U.S. Armys training force in Germany, recently told reporters that the U.S. Army has sent soldiers to Ukraine to learn drone warfare techniques. The Associated Press stated that Ukraine is using its drone warfare technology to counter Russia, and as the U.S. military seeks to integrate drone capabilities and tactics into its own forces, relations between the U.S. and Ukrainian militaries are growing increasingly close. The media outlet entered a U.S. military training ground in Germany to observe troops conducting exercises up close, gaining insight into how the U.S. is cooperating with and learning from Ukraine.According to Irans Tasnim News Agency: The foreign ministers of Iran and Egypt met in New Delhi.September 13th - The 19th Pujiang Innovation Forum 2026 was held in Shanghai from September 11th to 14th. Liu Dongmei, Party Secretary of the China Academy of Science and Technology for Development Strategy, released the "China Regional Science and Technology Innovation Evaluation Report 2026" during the forum. The report shows that my countrys regional science and technology innovation level continues to improve, with Shanghai maintaining its leading position nationwide in comprehensive science and technology innovation, and Jiangsu, Zhejiang, and Anhui all ranking among the top ten. The Yangtze River Delta region, in terms of R&D resources, fiscal investment in science and technology, and innovation output, accounts for more than 30% of the national total in key indicators, making it one of my countrys most dynamic regional innovation hubs.

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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