NEW YORK—Beth Hammack, president of the Federal Reserve Bank of Cleveland, said the central bank should continue reducing the size of its balance sheet, pointing to potential costs that the ...

The Federal Reserve should keep shrinking its balance sheet, albeit slowly, through a period of fiscal uncertainty, Cleveland Fed President Beth Hammack said in a recent interview with Reuters.

Kansas City Fed President Jeff Schmid said Thursday that he wants to continue to shrink the central bank’s footprint in financial markets this year by continuing to reduce the balance sheet.

Hammack delved into the nuances of both the Fed's balance sheet and its years-long effort to reduce its size. The Fed began shrinking its balance sheet in June 2022 by allowing matured securities to ...

The contraction process has brought the balance sheet down to $6.8 trillion. It is unclear how far the Fed will be able to shrink its holdings, as it works toward a landscape where there is enough ...

An often overlooked segment of the Federal Reserve’s balance sheets has been growing and could boost the Fed’s ability to stop shrinking its portfolio sooner than expected. A set of deposits ...

Federal Reserve officials held interest rates steady for a third-straight meeting and emphasized they see a growing risk of ...

The central bank began shrinking its portfolio in 2022 to offload some of the assets it accumulated to support markets and the economy during the pandemic. The Fed’s balance sheet peaked at nearly $9 ...

"To the extent that a large balance sheet with more-than-ample reserves ... at reducing volatility as reserves shrink, Hammack said. As the Fed's balance sheet shrinks, the central bank should ...

With more room to run on shrinking Fed holdings — the process widely ... "To the extent that a large balance sheet with more-than-ample reserves dampens money market volatility, it also promotes ...

The contraction process has brought the balance sheet down to $6.8 trillion. It is unclear how far the Fed will be able to shrink its holdings, as it works toward a landscape where there is enough ...