The Perils of the Fed’s Vast Bond Holdings

The Perils of the Fed’s Vast Bond Holdings

The Federal Reserve is shedding assets at a glacial pace, exposing the financial system to continuing risks, our columnist says.
Japan Raises Interest Rates for First Time in 17 Years

Japan Raises Interest Rates for First Time in 17 Years

Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.