Jerome Powell, governor of the U.S. Federal Reserve, works in his office at the board’s headquarters in Washington, D.C., U.S. (Photographer: T.J. Kirkpatrick/Bloomberg)

Fed’s Jumbled Talk Leaves Balance-Sheet Message in ‘Disarray’

(Bloomberg) -- The Federal Reserve’s best laid plan for a below-the-radar rundown of its $4.1 trillion balance sheet has gone awry.