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The Woosh shrinking schedule faces resistance, and the progress will proceed slowly.
GateNews
ChainCatcher reports that according to Jin10, Kevin Wash’s plan to reduce the Federal Reserve’s balance sheet will only proceed slowly. Wash pointed out that the Fed’s nearly $7 trillion balance sheet has overstepped congressional authority and believes that large-scale bond purchases have distorted financial markets. Sources said Wash will only begin adjusting the balance sheet after consultations with banks and the public, and it is unlikely that the scale will be restored to pre-2008 financial crisis levels.
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