[Federal Reserve Governor Milan: Supports Natural Reduction of the Balance Sheet] Odaily Planet Daily News – Federal Reserve Governor Milan stated during a speech on 'Bank Regulation and the Federal Reserve's Balance Sheet' that he strongly supports simplifying bank regulation and believes the Fed should consider exempting Treasury securities and central bank reserves from bank leverage ratio calculations. Milan expressed his support for balance sheet runoff but had hoped the Fed would immediately halt quantitative tightening (QT) at the October 28-29 FOMC meeting. Milan noted that a smaller Federal Reserve balance sheet would reduce interest payments to banks, and the size of the balance sheet should depend on the 'gradual unwinding' of regulatory requirements. (Jin10)