WASHINGTON (Reuters) -- Federal Reserve officials "generally agreed" to trim $60 billion per month from the U.S. central bank's Treasury holdings and $35 billion from its holdings of mortgage-backed securities, with the amounts phased in over a period of three months "or modestly longer," according to minutes of their March policy meeting.
Participants in the Fed policy discussion also "generally agreed" that after the balance sheet runoff was "well underway" it would be appropriate to consider outright sales of MBS, according to the minutes, which were released on Wednesday.
