New York Fed lays out QE unwinding scenarios

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The New York Fed

The Federal Reserve’s balance sheet may be three to four times bigger than before the crisis once it stabilises between 2020 and 2022, the New York Fed estimates in its annual open market operations report, published on April 10.

According to a survey of dealers and market participants conducted by the New York Fed before the Federal Open Market Committee’s meeting last December, the portfolio will stabilise between $2.5 trillion and $3.3 trillion.

The central bank implemented three rounds of

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