The U.S. Federal Reserve's balance sheet could end up between $3.8 trillion...
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo
The regional arm of the central bank, which manages the Fed’s massive bond holdings, released the projections in a report on Tuesday drawn from surveys of Wall Street traders. After the crisis, the Fed bulked up its holdings by buying Treasuries using bank reserves it created. Eventually, it started letting bonds and reserves decline to bring policy back to normal.
To keep control of rates, officials will eventually have to start buying bonds again and building up bank reserves.
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