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Federal Reserve Bank of Philadelphia
The Future of the Fed’s Balance Sheet
Patrick T. Harker

In opening remarks on a panel at the US Monetary Policy Forum in New York City, Philadelphia Fed President Patrick Harker discussed unwinding the Fed’s balance sheet. He said that, in his view, "a slow and steady approach is not only the safer option, it’s one that will reduce uncertainty about the evolution of the balance sheet."

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Patrick T. Harker, The Future of the Fed’s Balance Sheet, Federal Reserve Bank of Philadelphia, Speech 161, 22 Feb 2019.
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