Crowding Out: The Fed May Be Killing the Private Sector to Save the Government
Estimated Reading Time: 2 minutes
The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed three trillion US dollars by 2024. The normalization of monetary policy was built on the idea of a soft landing for the economy. However, the Fed may be killing the […]