Macro Musings with David Beckworth cover image

Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed’s Balance Sheet

Macro Musings with David Beckworth

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The Federal Reserve's balance sheet will shrink over the next couple years. But by late 2024, it would probably need to start growing again. The composition of its assets is going to be very far, very, very far from where it was in 2007.

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