Fed's Bond Buying May Need to Accelerate Down the Road -- Market Talk

Dow Jones05-18 21:41

0941 ET - Last week, the Fed said it will slow down its monthly net Treasury bill purchases to $10 billion, from $40 billion earlier this year. For now, bank reserves, a key Fed liability, look to be sufficiently ample. But in the longer run, growing the balance sheet at $10 billion a month probably isn't enough to keep pace with the economy's growing needs, analysts at Wrightson say in a note. In any case, slowing net purchases any further would risk signalling the Fed is tilting toward a leaner reserves regime. New chair Kevin Warsh is unlikely to make balance-sheet waves early on, they predict: "Chair Warsh will want to build consensus within the FOMC, and will probably want to avoid the appearance of pre-empting the Committee before his first meeting." (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

May 18, 2026 09:41 ET (13:41 GMT)

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New chair Kevin Warsh is unlikely to make balance-sheet waves early on, they predict: \"Chair Warsh will want to build consensus within the FOMC, and will probably want to avoid the appearance of pre-empting the Committee before his first meeting.\" (matt.grossman@wsj.com; @mattgrossman) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 18, 2026 09:41 ET (13:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBDC","symbol_name":"Putnam Bdc Income ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636477079","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636477079","pubTimestamp":1779111660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0941 ET - Last week, the Fed said it will slow down its monthly net Treasury bill purchases to $10 billion, from $40 billion earlier this year. 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For now, bank reserves, a key Fed liability, look to be sufficiently ample. But in the longer run, growing the balance sheet at $10 billion a month probably isn't enough to keep pace with the economy's growing needs, analysts at Wrightson say in a note. In any case, slowing net purchases any further would risk signalling the Fed is tilting toward a leaner reserves regime. New chair Kevin Warsh is unlikely to make balance-sheet waves early on, they predict: \"Chair Warsh will want to build consensus within the FOMC, and will probably want to avoid the appearance of pre-empting the Committee before his first meeting.\" (matt.grossman@wsj.com; @mattgrossman) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 18, 2026 09:41 ET (13:41 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2636477079","isCrawlerRequest":true}