Fed's Rosengren - balance sheet likely to grow

Federal Reserve Bank of Boston President Rosengren

• speaking in Hong Kong

Headlines via Reuters

• Says returning Fed assets to pre-crisis levels not desirable, feasible; balance sheet likely to grow
• it may be important for Fed to increase share of treasury bills, lower duration of its balance sheet more quickly
• says balance sheet policies did not cause late-2018 market turbulence
• central banks globally likely to reach rates' lower limit quickly in a recession, making asset buying possible
• Fed will need to consider when to purchase securities to offset declining reserves as currency grows
• Important for public to become more comfortable with benefits of fed using its balance sheet

(bolding mine)