Treasury Secretary Bessent expects slow Fed action on balance sheet changes

Treasury Secretary Scott Bessent said today that the Fed will likely wait a year before altering its balance sheet. He expects the central bank to move slowly.

U.S. Treasury Secretary scott bessent has stated that he does not expect the Federal Reserve to move quickly to shrink its balance sheet, noting that the central bank could take up to a year to decide on its balance-sheet policy. These comments, made on Fox News Channel, establish a near-term timeline for major decisions regarding the US USUS monetary framework and highlight that the matter remains under discussion.
U.S. Treasury Secretary Scott Bessent speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the Financial Stability Oversight Council's annual report to Congress on Capitol Hill in Washington, D.C., February 5, 2026. REUTERS/Jonathan Ernst/File Photo
U.S. Treasury Secretary Scott Bessent speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the Financial Stability Oversight Council's annual report to Congress on Capitol Hill in Washington, D.C., February 5, 2026. REUTERS/Jonathan Ernst/File Photo
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