Fed's Waller says no need to slow balance sheet drawdown at this time
1. Fed Governor Waller disagreed with slowing securities reduction due to ample reserves.
FAQ
Why Neutral?
Waller's dissent indicates internal Fed disagreements, reflecting uncertainty that usually tempers market reactions.
How important is it?
The persistence of abundant reserves and Fed policy debates can influence investor sentiment and market volatilities.
Why Short Term?
The immediate market effects may derive from investor sentiment and reactions to Fed communications.