The debt ceiling window period may stop reducing the balance sheet. According to the minutes of the January FOMC meeting, Federal Reserve officials believe that it may be appropriate to consider suspending or slowing down the reduction of the balance sheet until the debt ceiling issue is resolved. This greatly reduces the previous monetary policy report's https:// (x.com)/qinbafrank/status/1888389540873953366? S=46&t=k6rimWSEbo2D2TXolYcM-A is the threshold for stopping table shrinking. The impact of reaching the debt ceiling and the new debt ceiling agreement on reserves and liquidity is that as the US Treasury Department consumes funds from its Treasury General Account (TGA), bank reserves may increase significantly; When the Ministry of Finance re accumulates cash reserves, bank reserves may rapidly decline. In this context, maintaining the size of the Federal Reserve's balance sheet unchanged may help alleviate the liquidity pressure caused by a sudden drop in reserve levels to the "sufficient" range.