A view of the Federal Reserve in Washington, D.C.
A view of the Federal Reserve in Washington, D.C. - 
Listen To The Story
Marketplace

Robert Kaplan, the president of the Federal Reserve Bank of Dallas, on Thursday told Bloomberg that the Fed ought to think about slowing down how quickly it's shrinking its balance sheet. What's a balance sheet? It's a ledger of the Fed's assets and liabilities that, in the middle of the financial crisis, the Fed expanded as it bought bonds and mortgage-backed securities to give the economy a boost. So instead of talking about interest rates again, we're going to talk about this other tool the Fed uses to control the economy. Marketplace host Kai Ryssdal called up Victoria Guida, who covers the Fed for Politico, to talk about what's going on.

Click on the audio player above to hear the full interview.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Kai Ryssdal at @kairyssdal