[U.S. Treasury Secretary: Trump's MBS Plan Aims to Hedge Against Fed's Balance Sheet Reduction] BlockBeats News, January 12, U.S. Treasury Secretary Scott Bessent stated last Friday that the Trump administration's launch of the mortgage-backed securities (MBS) purchase plan aims to roughly match the pace at which these bonds are 'rolling off' the Federal Reserve's balance sheet. In an interview with Reuters, Bessent said, 'The reality is that the Fed has about $15 billion worth of bonds rolling off every month, so I think the idea is to roughly match the Fed's actions, which have been pushing in the opposite direction.'