Nick's tweet implies that tonight's interest rate decision will address the issue of suspending or stopping the pace of balance sheet tightening in the future. In fact, the Federal Reserve's semi annual monetary policy report in early February and the minutes of the January meeting released in late February// ((x.com))/qinbafrank/status/1892355622378885511? S=46&t=k6rimWs Ebo2D2TXolYcM-A is already laying the groundwork in advance At that time, the Federal Reserve Board of Governors considered suspending or slowing down the reduction of the balance sheet until the debt ceiling issue was resolved, which may be appropriate. This greatly reduces the previous monetary policy report// (x.com)/qinbank/sta... The threshold to stop shrinking the table. So tonight's interest rate decision and Powell's subsequent press conference are expected to be the focus of market attention regarding the pace of subsequent balance sheet cuts. The current size of the Federal Reserve's balance sheet is 6.75 trillion yuan, with three to four months left until the upper limit of the 6-6.5 trillion yuan target range. Once it enters the target range, it can be paused or stopped at any time, depending on what event triggers it. Once a new debt ceiling agreement is reached, the Treasury Department will issue new bonds to extract liquidity from the market. The Federal Reserve has already discussed this matter at the January interest rate meeting, and it is estimated that the discussion at this meeting will be more thorough.