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Venezuelas Defense Minister: The national armed forces have been fully activated to safeguard national sovereignty.Venezuelan Defense Minister: Most of Maduros security team members were killed in the US operation.On January 4th, the Russian Ministry of Defense issued a war report stating that Russian forces had taken control of the Podolsky settlement in Kharkiv Oblast. Over the past day, Russian forces launched attacks on Ukrainian troops in multiple locations including Sumy, Kharkiv, Donetsk, Zaporizhzhia, and Kherson, destroying Ukrainian armored vehicles, counter-battery radar stations, electronic warfare systems, ammunition depots, and shooting down Ukrainian-made guided-missile bombs and drones. On the same day, the General Staff of the Armed Forces of Ukraine issued a battle report stating that 211 battles had taken place in the front-line areas over the past day. Ukrainian forces launched attacks on multiple Russian personnel and equipment concentrations, and initiated or repelled Russian offensives in the directions of Kupyansk and Pokrovsk. Ukrainian forces also destroyed Russian tanks, artillery, air defense systems, and drones.On January 4th, Alexei Pushkov, a member of the Federation Council of Russia, argued that bringing Caracas under US control would mean seizing a huge "trophy" in geostrategic competition. Whether Washington can achieve this without sending troops to Venezuela and occupying the country is a major question. Pushkov stated, "Removing Venezuela from the sphere of anti-American influence and bringing it under direct US control, rather than merely its sphere of influence, means for Washington to seize a huge trophy in global geoeconomic and geostrategic competition… From this perspective, arresting Maduro is only the first step in achieving this goal. The goal itself has not yet been achieved. Whether Trump can achieve this goal without sending troops to Venezuela and occupying the country is a major question."The mayor of Moscow, Russia, said that 25 drones flying towards Moscow have been shot down.

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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