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Federal Reserve Bank of St. Louis
The Regional Economist
The Fed's bloated balance sheet: how we got here and why it's familiar
Lowell R. Ricketts
Christopher J. Waller
Abstract

Quantitative easing has led to the largest expansion of the Fed’s balance sheet since WW II. While this, naturally, leads to concern about inflation, the Fed has the tools to unwind the balance sheet once the economy builds steam.


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Lowell R. Ricketts & Christopher J. Waller, "The Fed's bloated balance sheet: how we got here and why it's familiar" , Federal Reserve Bank of St. Louis, The Regional Economist, number 4, Jan 2014.
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