The Fed set a very high bar to change its portfolio wind-down plan, but never decided for how long that plan would run until it learned more about its long-run liabilities.

The Fed set a very high bar to change its portfolio wind-down plan, but never decided for how long that plan would run until it learned more about its long-run liabilities.

Some officials think they may not have to go as far as markets had once thought https://t.co/Va7Lta1mnN pic.twitter.com/FRaVs1AEeh

— Nick Timiraos (@NickTimiraos) July 2, 2018