Back in ye olde days (pre-2008 in the United States), central bankers had not gone nuts with QE and so reserve balances were held at the minimum required.

Kevin Warsh, President Trump’s pick as the next chair of the Federal Reserve, has long expressed a desire to shrink what he calls the central bank’s “bloated” balance sheet. But doing so is not as easy as it might sound.

NEW YORK, Nov 7 (Reuters) - The U.S. Federal Reserve may soon need to grow its balance sheet through bond purchases and could consider shortening the average duration of its debt holdings, Federal Reserve Bank of New York President John Williams said on ...

Motley Fool Money reports that the median US household savings account balance is $8,000, with disparities across demographics and age groups.

Since Friday, fellow Federal Reserve nerds and market analysts have been poring over the résumé of Kevin Warsh, President Donald Trump’s new nominee for Fed chair, trying to read between the lines to determine what kind of central bank chief he’ll be if confirmed.

U.S. President Donald Trump has been on a crusade to get the Federal Reserve to lower its policy rate, but his focus now seems to be shifting to long-term borrowing costs. Fed Chair nominee Kevin Warsh will struggle to deliver on that front.