US Stocks Today | Fed to take its time on trimming bond holdings, Bessent says

The U.S. Federal Reserve is unlikely to quickly shrink its balance sheet, even if Kevin Warsh — a critic of bond-buying programmes — takes a leadership role, Treasury Secretary Scott Bessent said. Major decisions could take up to a year, and the Fed is expected to retain a relatively large balance sheet under an ample-reserves framework, limiting aggressive reductions.