Randal Quarles on Inflation, Balance Sheet Reduction, Financial Stability, and the Future of the Fed
Macro Musings with David Beckworth
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Fed's Balance Sheet
I just don't know that there's going to be that much appetite at the fed for a materially smaller balance sheet after ember 20 nineteenth. The disruption in september of 20 19, as we were shrinking the balance sheet, was significant enough that i think the general view on the f on c became, we don't want to ever get that close again. I worry a little bit about that because o my concern about the attractive nuisance of a very large balance sheet.
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