Sina US Stock News reported on the 9th, Beijing time. Federal Reserve Vice Chairman Richard Clarida said in a written statement that as treasury bills bring a larger reserve base, the Federal Reserve should probably gradually withdraw from active repurchase operations this year.

He said that “some repurchases” may still be needed until at least the end of April, and paying taxes at that time will “drastically reduce the level of reserves.”

Clarida said the central bank stands ready to “adjust the details of the repurchase plan as appropriate and in a way that is consistent with our goal of keeping the federal funds rate within the target range desired by the Federal Open Market Committee.”