Reported 4 months ago
Federal Reserve Governor Michelle Bowman expressed support for delaying the process of reducing the U.S. central bank's balance sheet run-off or adopting a more moderate tapering approach. She emphasized the importance of slowing the pace of balance sheet reduction as reserves approach ample levels, especially given the substantial take-up at the Fed's overnight reverse repo facility. Bowman's remarks indicate a preference to wait before implementing the announced reduction plan, emphasizing the need to effectively manage the balance sheet to respond to future economic challenges without impacting monetary policy.
Source: YAHOO