[Walsh's Balance Sheet Reduction Plan Faces Resistance, Progress Will Be Slow] According to Golden Finance, Kevin Walsh's plan to reduce the Federal Reserve's balance sheet will only proceed gradually. Walsh pointed out that the Federal Reserve's nearly $7 trillion balance sheet has overstepped into Congress's jurisdiction and argued that large-scale bond purchases have distorted financial markets. Informed sources revealed that Walsh will only begin adjusting the balance sheet after consultations with banks and the public, and it is unlikely that the scale will return to pre-2008 financial crisis levels. (Jin10)