Fed's Evans: Time to recalibrate and begin normalisation process

Chicago Fed President Charles Evans is crossing the wires, via Reuters, saying that it is the time to recalibrate and begin normalisation process and the size of the balance sheet is a part of that.

Key quotes (via Reuters):

• Never really contemplated negative interest rates seriously
• Normal size of balance sheet going to be substantially more than $800 bln
• Personally it would be reasonable to have amount that you could take out of balance sheet each month
• Path of balance sheet down to normal level is going to be gradual, 3-4 years