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Fed's balance sheet size is far from hitting any constraints: Daly

Economic IndicatorsApr 07, 2021 02:05PM ET
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© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses in San Francisco

(Reuters) - The size of the U.S. central bank's balance sheet, now more than $7 trillion, is "far" from hitting any limits, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday, noting that there are really only two constraints on its ultimate size.

"One is we can't be the only maker in the market, because then we start actually influencing things in a way we don't want to," Daly said at an event put on by the University of Nevada, Reno. "And the second is the optics of the balance sheet, as people like to call them, the tolerance for people thinking that we are not actually influencing the market pricing across the board because we are too large...but neither of those things right now is binding us."

Fed's balance sheet size is far from hitting any constraints: Daly
 

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Comments (4)
Noah Hernandez
Noah Hernandez 56 minutes ago
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𝚝𝚑𝚒𝚜 𝚒𝚜 𝚝𝚑𝚎 𝚏𝚊𝚜𝚝𝚎𝚜𝚝 𝚠𝚊𝚢 𝚝𝚘 $ 10,000 𝚙𝚛𝚘𝚏𝚒𝚝. 𝚐𝚞𝚊𝚛𝚊𝚗𝚝𝚎𝚎𝚍. 𝗎𝗃𝖾𝗃𝗌𝖼𝖺.𝗆𝗅
peter neal
peter neal Apr 07, 2021 3:51PM ET
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Buy Gold if you can find any and wait. It will be the only game in town.
Jason Bacon
Jason Bacon Apr 07, 2021 3:23PM ET
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The balance sheet doubled in 18 months... why not double again? Good sense seems to be no constaint.
Terence Williams
Terence Williams Apr 07, 2021 2:13PM ET
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he size of the U.S. central bank's balance sheet, now more than $7 trillion, is "far" from hitting any limits, Unfortunately the statement is going to be proven true..the balance sheet will grow exponentially with MMT clearly embedded in the mind of Congress.
Randy Lahey
Randy Lahey Apr 07, 2021 2:13PM ET
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$1000 dollar bills coming to a bank near you......will buy 2 loaves of bread by 2030.
 
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