With a quantitative easing exit now being eyed, many are beginning to worry about the possibility that the Federal Reserve will struggle to unwind its huge balance sheet in a controlled way. In reality, however, there is no reason to fear runaway rates provided authorities keep collateral market rates in mind during the exit process.
鑒于目前有退出量化寬松政策的可能，很多人開始擔(dān)憂美聯(lián)儲(chǔ)(Fed)可能很難以可控的方式消解其龐大的資產(chǎn)負(fù)債表。但實(shí)際上，只要在退出的過程中，當(dāng)局能夠始終考慮到抵押市場(chǎng)利率，就不需要擔(dān)憂利率失控。
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