NY Fed’s Sack prepares market for smooth exit
Brian Sack, an executive vice president of the New York Federal Reserve, has outlined the technical details of the central bank's exit strategy.
In an address at the National Association for Business Economics and Policy Conference in Arlington, Virginia on Monday, Sack, who heads the markets desk, warned: "The Fed will embark on a tightening cycle like no other in its history."
Sack outlined his blueprint for the withdrawal of the Fed's extraordinary crisis-fighting stimulus in the year
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