Federal Reserve Chair nominee Waller: If we maintain a smaller balance sheet, interest rates can remain lower

If the Federal Reserve implements a series of policy reforms, inflation can be lower and the economy can be stronger. The Federal Reserve is not without responsibility for the divide between asset holders and non-asset holders. A smaller balance sheet would mean lower interest rates, better-controlled inflation, and a stronger economy. Beyond monetary policy, the Federal Reserve should cooperate with the government. This is very likely to happen in the future. The economy still has room for further improvement. It is necessary to take advantage of this window to review reforms so that the Federal Reserve is prepared to respond to new shocks.