President Daly of the Federal Reserve Bank of San Francisco in the United States: Communication on the balance sheet is crucial.

Mary Daly, President of the Federal Reserve Bank of San Francisco, stated that the Fed should provide detailed explanations to the public about its balance sheet operations. Daly pointed out that balance sheet operations serve multiple purposes, including providing liquidity and financial stability, stimulating the economy, and managing interest rates. Since 2022, the Federal Reserve has been reducing its balance sheet, but officials have announced that they will stop asset reduction on December 1 and may gradually resume asset purchases in the future.