Economic Update September 2017
Another watershed moment in the post-global financial crisis monetary experiment fast approaches. The moment of truth will be the US Federal Reserve’s (Fed’s) balance sheet reduction and normalisation process – the first major central
bank to wind back the impact of its emergency quantitative easing (QE) program...
Global: Major central bank balance sheets - Fed to reduce balance sheet before others. Source: IFM Investors, various central banks, Bloomberg
About the author
Alex Joiner, PhD
Joined in 2016
Alex Joiner is Chief Economist at IFM Investors. He is responsible for the firm’s economic, financial market and geopolitical risk analysis that is key in IFM’s investment process. In this capacity he engages with IFM’s domestic and global clients on macro-investment trends and themes. He is a frequent commentator on economic and markets via traditional and social media and regularly speaks at public forums and conferences. He has over two decades of professional experience in economic and markets and prior to joining IFM was the Chief Economist at Bank of America Merrill Lynch (Australian & New Zealand) after being a senior economist at ANZ Bank. He holds a First Class honours degree in Economics and a PhD in Econometrics from Monash University. Alex is also committee member of the Australian Business Economists.