Federal Reserve Governor Christopher Waller Outlines Plan to Shrink Central Bank's Holdings

Federal Reserve Governor Christopher Waller stated the Fed still has more room to reduce its $6.7 trillion balance sheet, aiming for $5.8 trillion with $2.7 trillion in reserves. Waller emphasized the need to shift holdings to shorter-dated securities and maintain ample reserve balances to avoid money market turbulence. The Fed has been gradually unwinding COVID-19 era bond purchases to normalize monetary policy.

Read more at Yahoo Finance: Fed’s Waller sees some ways to go in shrinking central bank’s holdings