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Fed official floats $1.5 trillion as possible portfolio target

CHICAGO (Reuters) - The Federal Reserve, which has amassed $4.5 trillion of bonds following the financial crisis and recession, could gradually reduce that portfolio by around $3 trillion, Chicago Fed President Charles Evans said on Thursday.

"It's more likely that a rest point for the balance sheet is somewhere north of $1 trillion, maybe, you know, $1.5 trillion. But we're going to see quite a lot roll off" as assets mature, Evans told a meeting of investors and financial advisors. "We want to withdraw gradually from that."

(Reporting by Jonathan Spicer; Editing by Meredith Mazzilli)