let's ask steve leishman. >> thanks very much.members at its meeting earlier this month in may agreed that the balance sheet at 4.4 trillion balance sheet should be reduced this year, and the fed members at the meeting supported a plan presented by the staff. they didn't actually formally adopt but supported a plan to gradually, a gradual balance sheet reduction. details how that plan might work. the plan would tap the roll-off securities that mature every month at a certain level increasing the cap every three moss. roll-out plan not adjusted, autopilot unless economic conditions change. hoping this would reduce adverse market effects. they're going to discuss this plan again in june. let me explain how this might work. the fed has a $4.4 trillion balance sheet. every year hundreds of billions roll off or mature. the said to set a cap. $400 million matures every year, say, ors 20 $20 billion mature. let 10 roll off, 10 invest it. raise the capital until ostensively no longer reinvesting any proceeds over time. the balance sheet r