Federal Reserve Governor Waller: The Fed's balance sheet could be reduced by $300 billion to $500 billion.

CoinFeed reported on May 22 that Federal Reserve Governor Waller stated that given the growing risks of inflation, further rate cuts should no longer be the default plan; the current stance is to keep interest rates stable in the short term. If inflation expectations lose their anchor, then rate hikes will be necessary. This could reduce the Fed's balance sheet by $300 billion to $500 billion.