Alan Blinder Says Fed Will Shrink Balance Sheet Quietly

The transcript discusses the current administration's lack of respect for traditional economics, the Fed's role in managing economic growth, and its strategy for shrinking the balance sheet. It highlights the importance of communication and transparency in the Fed's operations, contrasting past and present practices.

Discuss the potential changes in economic forecasts and their impact on the Fed's policies.

What does the speaker mean by the Fed shrinking the balance sheet in a 'quiet way'?