Download This PaperThe Fed's Rough Road Ahead
Milken Institute Review, Third Quarter, 2013
9 Pages Posted: 15 Aug 2013 Last revised: 8 Oct 2013
Date Written: August 14, 2013
Abstract
The Federal Reserve currently has more than $3.3 trillion in assets, which by the way, also makes it the largest bank in the world. This article discusses the reasons for the tremendous growth in the Fed’s balance sheet during the past six years. It also discusses the problem the Fed faces as it unwinds this huge portfolio over the next few years.
Keywords: Federal Reserve's Balance Sheet, Great Recession, Quantitative Easing, Exit Strategy
JEL Classification: E51, E58
Suggested Citation: Suggested Citation
Barth, James R. and Prabha, Apanard Penny, The Fed's Rough Road Ahead (August 14, 2013). Milken Institute Review, Third Quarter, 2013, Available at SSRN: https://ssrn.com/abstract=2310233
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