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Fed may take years to shrink balance sheet to pre-crisis levels

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Ryan Smith | 09 May 2014, 12:51 PM Agree 0
Since instituting its quantitative easing program, the Federal Reserve’s portfolio of assets has swollen from its 2007 level of $800 billion to about $4.5 trillion. Janet Yellen told Congress this week that it could take years to get the Fed's books back to normal levels. What do you think? Is the Fed's propping up of the economy going to bite taxpayers later?
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