Bernanke: Shrinking the Fed's balance sheet

To help stabilize the financial system and promote economic recovery, starting in late 2008 the Federal Reserve purchased large quantities of financial assets, primarily Treasury securities and U.S. government-backed, mortgage-related securities. The policy of so-called quantitative easing (see here and here) expanded the Fed's balance sheet from less than $900 billion before the crisis to about $4.5 trillion today-including about $2.5 trillion in Treasuries and $1.8 trillion in mortgage-related securities.[1] The Fed stopped buying large quantities of assets in October 2014. Since then, it......(read more)

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