Fed officials reveal further details of balance sheet plans

Randal Quarles

The Federal Reserve is discussing keeping the balance sheet at a fixed size after formally ending its quantitative tightening programme, vice-chair Randal Quarles said on February 22.

The move would see the non-reserve liabilities portion of the balance sheet grow in line with the economy, while the assets held under the QE facility fall at a pace that keeps the size of the balance sheet constant.

“This plan would substantially reduce the pace of the decline in reserves, allowing us to

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