Powell said the Federal Reserve would stop shrinking this year

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"We will be able to stop shrinking later this year," he added, making the balance sheet equivalent to 16 or 17% of gross domestic product (GDP) and 6% before the financial crisis about 10 years ago.
The US GDP is currently about $20 trillion, which means that the Fed's balance sheet will be between $3.2 and $3.4 trillion.
Since October 2017, the Federal Reserve has been cutting its balance sheet at a pace not exceeding $50 billion a month. In the years following the financial crisis, the Federal Reserve maintained low interest rates and boosted the economy by buying trillions of dollars of bonds. Just a few months ago, the Federal Reserve also predicted that it would continue to reduce its portfolio in the coming years.
But since November last year, the Federal Reserve has been considering a new approach in a series of meetings. With rising global demand for money and increasing demand for Fed reserves from American banks, Fed policymakers now believe that it is necessary to maintain a large balance sheet in order to ensure proper control over the short-term interest rates set for managing the economy.


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