Finally a question on the size of the Fed's balance sheet

Early on today and unlike yesterday, Jay Powell was asked about the Fed’s balance sheet and he said they have a “good ways to go” in shrinking it “and going slower will allow us to go further.” The balance sheet currently stands at about $7.2 trillion, down from almost $9 trillion but still up from around $4 trillion before Covid. Where it eventually ends up at? He didn’t say today but as Powell has said before, they’ll know it when they see it.