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<p>In his Adam Smith Award speech, Federal Reserve Chair Jerome Powell outlined changes in the size of the Fed’s balance sheet since 2020 and explained how the balance sheet serves as a critical policy tool.</p>

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Understanding the Fed’s balance sheet

  • 期刊论文

  • 发表日期：

    2025年10月1日

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  • Jerome H. Powell

摘要

In his Adam Smith Award speech, Federal Reserve Chair Jerome Powell outlined changes in the size of the Fed’s balance sheet since 2020 and explained how the balance sheet serves as a critical policy tool.