👍 Williams from the Federal Reserve discusses reserve levels and bond purchases

📌 According to ChainCatcher, Williams, one of the Federal Reserve officials, stated that the Fed has successfully reduced bank reserve levels to an appropriate level by shrinking the balance sheet.

📊 He explained that reaching this limit prompted the Federal Reserve to resume bond purchases last week, known as reserve management purchases.

📈 Williams emphasized that bank reserves should gradually increase in line with demand from banks

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