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Warsh Says Fed Should Not Hold Long-Term US Treasuries
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Kevin Warsh, a potential successor as Chair of the Federal Reserve, said on Tuesday that the Fed should reduce its balance sheet and avoid holding long-term US Treasuries. The Federal Reserve holds approximately USD3.6 trillion in US notes and bonds, referring to debt with maturities of more than one year. Holding longer-term debt may exert downward pressure on the 10-year yield, as the Fed serves as a major source of demand. Critics argue that such purchases blur the line between monetary policy and fiscal policy, as they help keep government borrowing costs lower. (to/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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