Fed's Williams Sees 'Much Smaller' Balance Sheet in Five Years

Policy makers are coalescing around a plan for gradually reducing the central bank’s $4.5 trillion in assets with a predictable process aimed at minimizing market reactions. The concern is to avoid a repeat of the so-called “taper tantrum” of 2013, when then-Fed Chairman Ben Bernanke sent shock waves rippling through global markets with a mere suggestion that the central bank would taper asset purchases.

https://www.bloomberg.com/news/articles/2017-05-29/fed-s-williams-sees-much-smaller-balance-sheet-in-five-years