Lyn Alden Sees Fed Moving to Slower Balance Sheet Growth in Line With Nominal GDP

Economist Lyn Alden argues that the Federal Reserve is shifting away from aggressive interventions toward a steadier balance sheet expansion linked to nominal GDP or total bank asset growth. She believes this gradual approach will still debase the currency over time while supporting asset prices in a more controlled way, as investors track money supply trends, rate-cut odds and leadership changes including Kevin Warsh's nomination to succeed Jerome Powell before his term ends in May 2025.