Fed Chair Nominee Warsh May Need Five Years to Really Shrink the Central Bank’s Balance Sheet

Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to...

By Maria Eloisa Capurro, Alex Harris · Bloomberg Markets

Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central bank’s $6.6 trillion balance sheet. He’ll probably need more than one term to do it, according to a top financial economist.