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Brookings Proposes Fed Balance-Sheet Cuts to $4.5 Trillion
Kevin Warsh
— Oct 21, 2026
A Brookings proposal says the Fed could cut its balance sheet from $6.8 trillion to about $4.5 trillion and bank reserves from roughly $3 trillion to $1 trillion by replacing its ample-reserves system with an “Elastic Reserves” framework that supplies liquidity on demand and allows banks to hold less cash. The plan, which aligns with Fed Chair Kevin Warsh’s push to shrink the central bank’s footprint, could also reduce interest payments to banks by about two-thirds.
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Marcus Bell
Shrinking reserves to a trillion while still providing liquidity on demand sounds workable and would cut those bank interest costs sharply.
Kevin Durant Discloses He Has Coronavirus
Reporting
— Mar 17, 2020
Brooklyn Nets player Kevin Durant revealed that he was one of four team members who had tested positive for coronavirus. The Nets announced that four players had tested positive but did not reveal which players they…
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