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The Fed announces plans to sell off its corporate bond holdings.



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Daily Business BriefingJune 2, 2021Updated June 3, 2021, 12:28 a.m. ET The Federal Reserve will sell off the corporate bond holdings it amassed as it implemented emergency lending programs during the height of the pandemic.Credit…Stefani Reynolds for The New York TimesThe Federal Reserve’s first-ever foray into the corporate bond market will come to a final close in coming months, with the central bank announcing Wednesday that it will sell off its exchange-traded fund investments and direct bond holdings.The sales, which a Fed official said the central bank expects to complete by the end of the year, will finish off …

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