Core Viewpoint - Wall Street strategists believe that the forecast by Federal Reserve Governor Christopher Waller regarding the adequate reserve amount needed to prevent chaos in the financial system should be higher than currently estimated [1] Group 1: Reserve Levels - JPMorgan and Citigroup strategists indicate that the perceived "adequate" reserve levels may need to be increased [1] - Citigroup strategists predict that by the end of the year, reserve amounts could shrink to $2.8 trillion [1] - A survey by the New York Fed shows that the median reserve balance at the end of quantitative tightening (QT) is expected to be $2.875 trillion [1]