Federal Reserve Chairman Kevin Walsh: It is still necessary to reduce the balance sheet, and policy adjustments will not be rushed

Federal Reserve Chairman Kevin Walsh stated that reducing the balance sheet is still necessary, but major policy adjustments require time and sufficient communication, and will not be implemented until the market fully understands the measures. Federal Reserve Chairman Kevin Walsh believes that the current balance sheet size carries a fiscal policy color, and it will take time to determine the future policy direction. Additionally, interest rate policy should remain the Fed's primary policy tool.