Federal Reserve Chairman Kevin Warsh: The Balance Sheet Working Group recommends submitting the balance sheet report to the FOMC in early Q1 2027.

Federal Reserve Chairman Kevin Warsh stated that the Balance Sheet Working Group's recommendations are expected to be submitted to the FOMC for discussion in early Q1 2027, although this timeline is not fixed. Policymakers will begin considering the recommendations after the Working Group submits its proposal. The Working Group, led by Jeremy Stein, Raghuram Rajan, and Karen Dynan, is responsible for exploring ways to reduce the Federal Reserve's influence in the markets.