According to CoinWorld news, on July 11 (UTC+8), Federal Reserve Governor Waller stated that the reduction of the balance sheet size should continue, including adjustments to the asset structure to increase the proportion of short-term assets, but excessive cuts may not be necessary. "I believe we are likely to continue allowing securities that mature and are prepaid to naturally exit the balance sheet in the coming period, thereby reducing the reserve balances," Waller said in a speech prepared for a Dallas Fed event on Thursday. Throughout the speech, which focused on the balance sheet, Waller advocated for tapering, but to a lesser extent than some Fed observers and economists have suggested. He pointed out that bank reserves are still at a 'sufficient' level (above the 'adequate' standard set by the Fed), and the ideal size should be maintained at about $2.7 trillion. Adding the currency held by the Fed and the balance of the Treasury's general account, the total balance sheet size would reach $5.8 trillion, while the current size is $6.7 trillion.