Fed Openly Discusses "Permanently High Balance Sheet"; Lie Finally Admitted
MishTalk
DECEMBER 14, 2015
Merits of Not Shrinking the Balloon When the Fed first launched QE, they stated they had the "tools" necessary to shrink their ballooning balance sheet. Now, however, there is a new twist to the debate, with some policymakers and outside experts saying that there are reasons to keep the balance sheet big.
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