U.S. White House Economic Adviser: Fed's Balance Sheet Reduction Should Be Gradual

The Director of the U.S. White House National Economic Council, Kevin Hassett, has emphasized the importance of a gradual approach to the Federal Reserve's balance sheet reduction. According to Jin10, Hassett highlighted the need for a measured strategy to ensure economic stability. This statement comes amid ongoing discussions about the Federal Reserve's monetary policy and its impact on the broader economy. Hassett's comments reflect the administration's cautious stance on managing the balance sheet to avoid potential disruptions in financial markets.