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Jai Hamid

Kevin Warsh outlines stance on the Fed's $6.6T balance sheet and QE legacy

On February 2, 2026, Kevin Warsh, selected by President Donald Trump to lead the Federal Reserve, faced scrutiny over how he will manage the Fed's $6.6 trillion balance sheet. He favors reducing holdings, while Trump in January directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to lower borrowing costs.
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