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16:08
Walsh: Fed's Balance Sheet Too Large, Will Collaborate with Treasury to Reduce It
On April 21, Fed Chair nominee Walsh stated that he still hopes to reduce the size of the Federal Reserve's balance sheet and will work with the Treasury Secretary to achieve this goal. Walsh told senators, "The large balance sheet has become a common and recurring phenomenon, and it is of no benefit, which is also part of the reason the Fed is involved in political affairs. I believe we need a smaller Federal Reserve balance sheet. Together with the Treasury Secretary, we will find a way to reduce the size of the balance sheet."
16:08
Walsh: Fed Should Gradually Reduce Forward Guidance
On April 21, Fed Chair nominee Walsh stated that the Federal Reserve should reduce its reliance on forward guidance and warned that excessive transparency could hinder policy flexibility when circumstances change. He remarked, "The Fed reveals to the world... what their predictions will be," but noted that "the Fed clings to its predictions for too long," a phenomenon related to the Fed's delayed response to soaring inflation during the pandemic from 2021 to 2022. In his view, reducing commitments would facilitate more flexible decision-making, as "if the Fed waits until meetings to make decisions, this gradual assessment process can help the central bank avoid repeated mistakes." He sees this as part of a broader reform agenda and added, "I believe these changes are very necessary, and if confirmed, I look forward to implementing them."
16:07
Apple plans to release its fiscal 2026 Q2 financial report on April 30
Wall Street analysts generally expect Apple to deliver an impressive earnings report this quarter. Data shows that the market anticipates Apple’s earnings per share to be $1.94, up more than 17% year-over-year; revenue is expected to reach $109.35 billion, an increase of over 16% compared to the same period last year.
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