Most Federal Reserve officials last month indicated they were ready to stop shrinking the central bank’s $4 trillion asset portfolio this year and believed an action plan should be released soon.

Officials agreed “such an announcement would provide more certainty about the process for completing the normalization of the size of the Federal Reserve’s balance sheet,” according to minutes of the Jan. 29-30 meeting released Wednesday.

The central bank began to shrink its balance sheet in 2017 by allowing limited amounts of Treasury and mortgage securities to mature without replacing them. The portfolio has fallen to about $4 trillion from about $4.5 trillion at its peak.

The minutes also showed all officials supported putting interest-rate increases on hold until they could better judge the outcome of rising risks to U.S. economic growth that had materialized since they raised their benchmark short-term rate in December.

After last month’s meeting, Fed Chairman Jerome Powell declined to say whether the central bank maintained a bias for tighter or easier policy, which marked a notable turn from a clear preference for raising rates in December.