Federal Reserve Official Suggests Deregulation Could Shrink Central Bank Balance Sheet

Federal Reserve board member Mylan indicated that loosening financial rules may contribute to reducing the U.S. central bank’s balance sheet size.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial regulation, and maintaining financial stability.
  • Balance Sheet: A financial statement showing an institution's assets, liabilities, and equity at a specific point in time.
  • Financial Regulation: Rules and guidelines governing financial institutions to ensure stability and protect consumers.