Federal Reserve (Fed) Governor Stephen Miran said on Thursday that shrinking the size of the balance sheet allows for easier interest rate policy. Those who think that the Fed balance sheet can’t shrink ‘simply lack imagination’, Miran added further.
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Market reaction:
The remarks do little to provide impetus for the US Dollar (USD), as the market focus remains fixed on developments surrounding ongoing conflicts in the Middle East.
Source: https://www.fxstreet.com/news/feds-miran-shrinking-the-size-of-the-balance-sheet-is-desirable-202603270017
