Fed's Williams Sees 'Much Smaller' Balance Sheet in Five Years
- San Francisco Fed president speaks in Bloomberg interview
- First ‘baby step’ of reduction to be taken later this year
Fed's Williams on U.S. Economy, Inflation, China
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Federal Reserve Bank of San Francisco President John Williams sees a “much smaller” Fed balance sheet in about five years, at the end of an unwinding process that could start with a “baby step” later this year.
“How big will the balance sheet be five years from now, when this has all happened?” Williams said in a Bloomberg TV interview with Haslinda Amin in Singapore on Monday. “That is something we haven’t decided on. It will be much smaller than today.”