Fed's Waller (voter) says gotten persistently better and stronger job reports; see no reason to ever be in a scarce reserves regime

AI:

• AI may be affecting financial conditions.
• If AI were to pop or pull back would see pretty big changes in financial conditions.

Balance Sheet:

• If can figure out way that banks don't need as much reserves, no problem with shrinking balance sheet accordingly.
• Lot of dispute how much you can shrink balance sheet on reserve demand alone.
• Task force will think about how seriously  can think about reducing balance sheet.
• Have a hard time seeing where balance sheet at current size is causing problems.

Forward Guidance:

• Now is not the time to use forward guidance.