Odaily News The Federal Reserve released its semi-annual monetary policy report, which mentioned that the Federal Reserve continued to significantly reduce its holdings of U.S. Treasury bonds and agency securities in a predictable manner. Since June 2024, the Federal Reserve has reduced its holdings of $297 billion in securities, and its securities holdings have decreased by approximately $2 trillion since the balance sheet reduction began. The Federal Open Market Committee (FOMC) stated that it intends to maintain securities holdings at a level consistent with the efficient implementation of monetary policy under an ample reserve system. To ensure a smooth transition, the FOMC slowed the decline in securities holdings in June 2024 and intends to stop reducing securities holdings when the reserve balance is slightly higher than the level it deems consistent with ample reserves. (Jinshi)