Look Out Below: Fed Says Its Balance Sheet Should Shrink By 35% To $2.9 Trillion

The Federal Reserve should stop shrinking its balance sheet when it gets down to a level somewhere higher than $2.9 trillion, said New York Fed President William Dudley on Friday.

 

 

https://www.marketwatch.com/story/feds-dudley-says-balance-sheet-should-be-at-least-29-trillion-2018-02-23

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.