Fed Focuses on Repo Market Exit Strategy After Avoiding Year-End Crunch
The New York Times
Another challenge for Fed officials: Deciding just how big the central bank's balance sheet, which is currently about $4 trillion, should be.
"There are people at the Fed who have a preference for the smallest possible balance sheet, and we just don't know how much their views have evolved," said Lou Crandall, chief economist at Wrightson ICAP, a research firm.