Fed's Yellen speech: Balance sheet could shrink to normal levels by 2022

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from Congress members with the key quotes, via Reuters, found below:

Key Notes:

• Balance sheet could shrink to normal levels by 2022
• Expect and hope that start of balance sheet normalization will go smoothly

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About Janet Yellen

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.