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credit alllocation

David Andolfatto, fiscal policy, normalization, balance sheet, preferred credit allocation
Money & Politics, News, The Fed & Central Banks

Why there is no Fiscal Case for the Fed's Large Balance Sheet

Larry White/February 28, 2017June 19, 2022

It is well known that the Federal Reserve System expanded its assets more than four-fold during and after the 2007-09 financial crisis by making massive purchases of mortgage-backed securities and Treasuries. The balance sheet has not returned to normal since. Total Fed assets stand today at $4.45…

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