Federal Reserve Chair: Any changes in balance sheet policy will be announced in advance

Odaily Planet Daily News: Federal Reserve Chair Warsh stated during a House hearing that the Federal Reserve has the commitment, capability, and responsibility to fulfill the tasks assigned by the Committee, and will adhere to its duties and stay away from politics. Multiple working groups he established are in the investigation phase, and external working groups will first share the investigation results with policymakers before engaging in public discussions. He has instructed all working groups to return to first principles. The balance sheet is a part of monetary policy, and any changes in balance sheet policy will be announced in advance. The Federal Reserve must perform its work well to avoid fiscal policy interference. The balance sheet framework has undergone significant changes, and the Federal Reserve is honored to be an independent central bank. He understands that during times of crisis, central banks need to intervene in the market.