Walsh to Shrink the Balance Sheet? BofA: It Might Just Be “All Bark, No Bite” | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisLwytMarketWalsh to Shrink the Balance Sheet? BofA: It Might Just Be “All Bark, No Bite”Related: Is the Fed’s “Plain Language Era” Coming to an End? Powell Takes the Stage for the Last Time on Wednesday
Powell is likely to hold what could be his final formal news conference as Fed Chair on Wednesday local time (early Thursday Beijing time) — potentially marking the end of an era of regular question-and-answer sessions with the press as the central bank’s top official. Investors and economic observers closely watch these press conferences. Supporters of having the Fed Chair regularly appear before the media argue that it allows the central bank to shape the narrative around its interest rate decisions and helps the market digest its policies. However, some critics, including Kevin Warsh, Trump’s nominee to succeed Powell as Fed Chair, believe Fed officials communicate too much. Warsh, who is likely to be confirmed before the Fed’s next policy meeting in mid-June, has hinted he might completely stop holding…# Analysis# Exchange# Market# ToolPre
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- Original Source: Wall Street News Market fears that new Fed Chair Kevin Warsh will aggressively shrink the balance sheet may be greatly overestimating what he can actually do. Warsh was recently co...