Why Fed Policy Failed, In One Chart

What do you see in this figure from a recent New York Fed study? Technically, it shows that the Fed’s balance sheet is expected to shrink and return to the path it would have been on had there been no large scale asset purchases (LSAPs) over the past five years. This projection is a reflection […] View the full post at: Why Fed Policy Failed, In One Chart Related posts: Delong’s Peculiar Definition of ‘Monetary Policy’ Deposits in Failed Banks as a Percent of GDP Failed Economics Creates Failed Families
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