• The Marriner S. Eccles Federal Reserve building in Washington on April 10. Federal Reserve officials laid out a long-awaited plan to shrink their balance sheet by more than $1 trillion a year while raising interest rates 'expeditiously' to counter the hottest inflation in four decades. | BLOOMBERG
    The Marriner S. Eccles Federal Reserve building in Washington on April 10. Federal Reserve officials laid out a long-awaited plan to shrink their balance sheet by more than $1 trillion a year while raising interest rates "expeditiously" to counter the hottest inflation in four decades. | BLOOMBERG
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The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse, threatening another shock to the world’s economies and financial markets.

Bloomberg Economics estimates that policymakers in the Group of Seven countries will shrink their balance sheets by about $410 billion in the remainder of 2022. It’s a stark turnaround from last year, when they added $2.8 trillion — taking the total expansion to more than $8 trillion since COVID-19 arrived.

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