Deutsche Bank AktiengesellschaftDBK
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Deutsche Bank AktiengesellschaftDeutsche Bank AktiengesellschaftFederal Reserve Chairman Kevin Warsh announced the formation of a task force to review the central bank's $6.7 trillion balance sheet, a first step toward addressing a policy issue he has long criticized. Speaking after the Federal Open Market Committee held rates steady at 3.5% to 3.75%, Warsh said the independent task force will examine the benefits and risks of the current ample reserves regime and the composition of the balance sheet. The review is expected to begin in the coming weeks and conclude by year-end, and will assess whether monetary policy is being driven by the interest rate tool or the balance sheet tool. The move reinforces expectations that any shift toward a smaller balance sheet will be gradual, with policymakers likely to focus on the issue later this year after addressing more immediate priorities. The Fed had abruptly stopped shrinking its balance sheet at the end of 2025 and began buying Treasury bills, with purchases totaling more than $284 billion since December 12, though the monthly pace was reduced to $10 billion last month.
Deutsche Bank Aktiengesellschaft