Getting your player ready...
The challenge:The Federal Reserve eventually must dismantle programs and recover trillions of dollars it has plowed into the economy to try to revive business activity, unlock lending and stabilize financial markets.
The stakes:Timing is vital. If the Fed acts too fast, it risks choking off lending to businesses and consumers. Wait too long, and it heightens the risk of triggering high inflation.
The decisions:On when and how to unwind holdings of mortgage-backed securities, as well as Treasury securities, without jolting the economy.
