Jerome Powell knows the Fed’s balance sheet got too big—Kevin Warsh has a plan, he just has to sell it without freaking out the markets

Fortune

by Eleanor Pringle

February 21, 2026

"I've got a lot of sympathy for Warsh's view. But the transition from here to where he wants to get, could be problematic."

Verticals

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Originally published on Fortune on 2/21/2026