DUDLEY: DON'T SEE CORPORATE BOND FACILITY UNWIND AS TAPER SIGN

The transcript discusses the limited role of certain portfolios in monetary policy, emphasizing that their size and typical ownership do not influence decisions on tapering or raising short-term interest rates. It clarifies that these decisions are not indicative of any immediate changes in economic policy.

In what way is the portfolio described as typically owned?

What does the speaker mean by 'lifting off' in the context of monetary policy?