CoinMeta data: Federal Reserve Chairman Kevin Warsh stated that the recommendations from the balance sheet working group are expected to be submitted to FOMC for discussion in the first quarter of 2027, although this timeline is not yet set in stone. Decision-makers will begin to consider these recommendations after the working group submits its proposal. The working group, led by Jeremy Stein, Raghuram Rajan, and Karen Dynan, is responsible for studying ways to reduce the Federal Reserve's influence in the market.