Macro Musings with David Beckworth20 Maj 2024

Roberto Perli on the Past, Present, and Future of the Fed's Balance Sheet

Roberto Perli is the manager of the System Open Market Account (SOMA) and a senior leader in the New York Fed's Markets Group. In his role, Roberto is responsible for implementing monetary policy at the direction of the Federal Open Market Committee (FOMC). Roberto is also a returning guest to the podcast, and he rejoins Macro Musings to talk about a recent speech he made titled, *Balance Sheet Reduction: Progress to Date and a Look Ahead.* Specifically, David and Roberto discuss the Fed's recent balance sheet activities, the basics and functionality of the overnight reverse repo facility, the importance of slowing down the Fed's balance sheet runoff, and much more.

Transcript for this week's episode.

Roberto's NY Fed profile

Roberto's Twitter: @R_Perli

David Beckworth's Twitter: @DavidBeckworth

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