Story perspectives
Fed's Waller Urges Continued Balance Sheet Runoff
3/21/2025
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Story summary
- Federal Reserve Governor Christopher Waller disagrees with slowing balance sheet reduction due to over $3 trillion in reserves.
- He argues the banking system hasn't reached an ample reserve level and recommends continuing the current runoff pace.
- Waller advocates for contingency plans to address potential reserve shortages, emphasizing that proactive planning can avert market disruptions.
