The Fed: Markets are hankering to find out the Fed’s plan to shrink its $9 trillion balance sheet. They should get their wish today

Markets have been craving information about how the Federal Reserve plans to shrink its massive $9 trillion balance sheet. They will get their wish later today when the Fed releases minutes of its March meeting.

Last month, Fed Chair Jerome Powell said the central bank made “excellent progress” on the balance sheet and the parameters would come with the minutes.

“We’ll…