Fed's Miran: Shrinking the size of the balance sheet is desirable
Bởi Haresh Menghani
Đã cập nhật: 27 Mar 2026
BÀI VIẾT PHỔ BIẾN
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.
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.
Additional quotes:
There’s a path to shrink Fed holdings by $1 trillion to $2 trillion.
However, he emphasized that pursuing a smaller balance sheet would take several years.
Shrinking Fed holdings depend on changing demand for reserves.
A smaller balance sheet gives the Fed more options in the next crisis.
Large balance sheet distorts markets, creates problems for Fed.
Does not see a case to sell any Fed holdings.
Not advocating for a return to the scarce reserves system.
More active Fed market interventions could ease balance sheet size.
The Fed should destigmatize repo operations and the discount window.
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.
Hơn một triệu người dùng dựa vào FXStreet để có dữ liệu thị trường thời gian thực, công cụ biểu đồ, góc nhìn chuyên gia và tin tức Forex. Lịch kinh tế toàn diện và các hội thảo web giáo dục giúp nhà giao dịch luôn cập nhật và đưa ra quyết định có tính toán. FXStreet có khoảng 60 nhân sự, chia giữa trụ sở Barcelona và nhiều khu vực toàn cầu.
Đọc thêm
