Fed Chair Nominee Waller: More inclined to use interest rates as the primary tool, and to gradually and cautiously reduce the balance sheet.

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ME News, April 22 (UTC+8): Fed Chair Nominee Wersh said: Overall, the current economy is close to the level of full employment. The Federal Reserve’s balance sheet has played a negative role in achieving its dual mandate. It is more inclined to have interest rates take the lead. If we cut interest rates, more people will benefit. The balance sheet should be reduced gradually and cautiously. The large balance sheet is the reason the Federal Reserve gets involved in politics. The Federal Reserve needs to step away from fiscal affairs. It is working with the Treasury Secretary to advance the reduction of the Federal Reserve’s balance sheet. Too many Federal Reserve officials have commented on interest rates in advance. (Source: PANews)

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