Dudley, William C. on 2018 February 23 at 10:15
The terminal balance sheet may actually turn out to be even higher than $2.9 trillion.
During the discussion at the Chicago Booth monetary policy forum, Dudley said he is a “strong advocate” for the floor system for setting interest rates, which requires large amount of excess reserves in the system. “So the terminal balance sheet may actually turn out to be even higher” than the $2.9 trillion level estimated by Wall Street economists in a paper presented at the forum, Dudley said. Dudley, William C.
U.S. Monetary Policy Forum