Back in 2011, Fed Chair Bernanke told Congress that the Fed's balance sheet would return to its pre-crisis level.
It never did, and now it's far larger than in 2011, let alone pre-crisis levels. And ...
I thought Assets are good and Liabilities are a thing to be careful about.
This graphs shows assets and it goes up, how is it a bad thing? 🤔
Asset for Fed is a liability for Government or something?
This graphs shows assets and it goes up, how is it a bad thing? 🤔
Asset for Fed is a liability for Government or something?
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