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Barr Warns Against Shrinking Fed Balance Sheet
Description
Federal Reserve Governor Michael Barr warns against reducing bank liquidity rules to shrink the Feds balance sheet, arguing it could weaken banks, disrupt money markets, and threaten financial stability. He advocates for increasing liquidity buffers post-2023 bank troubles, emphasizing the importance of interest rate control over balance sheet size. As Kevin Warsh prepares to potentially replace Jerome Powell, the debate on balancing safety and policy goals remains alive.
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