In Business, The Bottom Line

Sara Walker, senior vice president and investment officer

The Federal Reserve’s program of quantitative easing has caused the size of its balance sheet to increase from its long-term average level of about $800 billion to its current $3.5 trillion. This flood of liquidity may have been necessary to pull us through the Great Recession. However, any program of this size contributes to distortions and volatility. And that is where we sit today.

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