Published Date Oct 11, 2022

BLOOMBERG: Fed’s Mester Sees No Reason to Alter Balance-Sheet Runoff Plans
Federal Reserve Bank of Cleveland President Loretta Mester said the central bank should stick with its approach to shrinking its massive balance sheet, notwithstanding ongoing volatility in financial markets .

“I don’t see any need at the moment to adjust that plan. I think there is a lot of benefit to leaving that plan in place,” Mester said Tuesday during an interview with Kathleen Hays on Bloomberg Television. “Markets have understood the plan. They see it. They understand it.”

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By Brenna Moses

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