Powell: Fed Balance Sheet Announcement Could Come in May

The transcript discusses the progress made in finalizing a plan to shrink the balance sheet, with potential implementation as early as the next meeting in May. The decision will consider the broader financial and economic context to avoid adding uncertainty. The framework will be familiar but faster than previous iterations. Detailed discussions will be available in the upcoming meeting minutes.

What similarities can be expected in the new framework compared to the last time?

What details are expected to be discussed in the minutes of the upcoming meeting?