White House philosophy? Federal Reserve Board member Miran: The Fed’s “$7 trillion balance sheet” can be reduced by $2 trillion without causing market turmoil.
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There is a growing voice within the Federal Reserve pushing for a significant reduction of its balance sheet, highly consistent with the stance of the White House.
On Thursday, March 26, Federal Reserve Board member Miran stated that by relaxing liquidity regulatory requirements and lowering the usage of central bank