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Vosh's nomination may have a greater impact on the Federal Reserve's balance sheet
Mars Finance News reports that, according to Jintiao, eToro analyst Lale Akoner stated in a report that if Kevin Wash is nominated to serve as Federal Reserve Chair, it could have a greater impact on the Fed’s balance sheet than on interest rate policy. If Wash takes office and conditions permit, the Federal Reserve may accelerate the process of shrinking its balance sheet. This expectation is related to the steepening of the yield curve and the short-term strengthening of the US dollar.