balanceSheet News & Analysis
2 articles
Market Mood
Fed Governor Miran Resigns, Supports Warsh as New Chair
Federal Reserve Governor Stephen Miran submitted his resignation letter and is set to leave his position when new Chair Kevin Warsh takes office. Miran has been a dissenting voice in the Federal Open Market Committee, voting against rate cuts and steady rate holds during his short tenure, which began in September 2025. He emphasized the need for the Fed to focus on its narrow mandate and improve its monetary policy approach. Notably, the Fed's balance sheet currently holds $6.7 trillion in assets, which Miran addressed in his research on monetary policy effectiveness. His resignation comes after supportive actions from the Senate to confirm Warsh's chairmanship.
Read More
Fed May Reduce Balance Sheet by $2 Trillion, Governor Indicates Stability
A Federal Reserve governor indicated that it could cut its balance sheet by $2 trillion without causing market turmoil. This potential reduction is attributed to regulatory changes and a decreased stigma around lending tools. Such a move may influence liquidity in the markets and alter asset pricing strategies. The governor's statements suggest a more stable environment for gradual asset reduction.
Read More