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The Fed: Comments from Fed’s Mester show balance sheet decision may come as early as March

Bloomberg News/Landov
Cleveland Fed President Loretta Mester also said the central bank may have to move up the benchmark fed-funds rate this year.

Cleveland Fed President Loretta Mester on Tuesday became the latest U.S. central banker to support ending the balance sheet run-off this year.

The Fed has been allowing as much as $50 billion per month of maturing securities to roll off its balance sheet. As a result, since 2017, the overall size of the Fed’s balance sheet has fallen to $4.1 trillion from $4.5 trillion.

After her speech in Newark, Del., Mester backed ending the balance sheet run-off this year, according to Bloomberg.

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