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FED's Barr: Fed adjusting balance sheet duration to match broader Treasury market; smaller balance sheet may boost interventions

FED'S BARR: FED IS WORKING TO ADJUST BALANCE SHEET DURATION TO BETTER MATCH THE BROADER TREASURY MARKET; SKEPTICAL THAT A LIQUIDITY COVERAGE RATIO TWEAK WILL MEANINGFULLY ALTER RESERVE DEMAND; A SMALLER FED BALANCE SHEET WOULD LIKELY INCREASE FED INTERVENTIONS AND BOOST FLOWS

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