Federal Reserve Governor Christopher Waller on Friday said he opposed the U.S. central bank's decision this week to slow the pace of reduction of its securities holdings because the level of reserves in the banking system remains abundant.

The Fed kept rates steady, gave Treasury runoff plans, and warns of economic uncertainty. Chair Powell emphasized potential policy changes. Click for more.

The Federal Reserve’s policy committee announced it would slow the pace of reducing its balance sheet starting in April. Wednesday’s statement also highlighted the increased uncertainty for the economy.