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The institution's hypothetical timeline is as follows: launch a plan around the end of this year, followed by a public comment period lasting until the second quarter of 2027, with the balance sheet runoff beginning in the fourth quarter of next year. Although Walsh has long called for a significant reduction in the Federal Reserve's presence in the asset markets, Wall Street strategists are generally skeptical about whether the central bank can meaningfully shrink its balance sheet. Expand

The Federal Reserve currently expects to raise interest rates this year. (Watcher.Guru)

Clients of the bank sold stocks in 9 out of the 11 S&P 500 sectors last week, with technology and financial sectors being the most affected. Citing client data for the week ending June 26, Hall noted that the four-week average net capital inflow into the technology sector has dropped to a historic low. The consumer staples sector has recorded net outflows for seven consecutive weeks, marking the longest duration on record. Read more