Christopher Waller, a Federal Reserve Governor, disagrees with the decision to slow down the reduction of securities holdings, stating that the reserve level is currently adequate.

He emphasizes that, with reserves surpassing 3 trillion USD, the banking system has ample liquidity. Waller insists that current indicators do not suggest an imminent need to slow the drawdown.

The Federal Reserve has opted to lower the monthly cap on Treasury runoff significantly from 25 billion USD to 5 billion USD. This decision, influenced by potential market disruptions, has been met with mixed reactions among policymakers.