Friday, September 21, 2012

Nice Graphic Showing the Fed's Balance Sheet Expansion

Via the Cleveland Fed, here.

It brings to mind pictures of odd creatures at the bottom of the sea, where the pressure is many times that of the air on earth. Beautiful to the eye, and also, a bit scary.

Richard Fisher, the head of Dallas branch of the Fed, voiced his concerns in a speech two days ago at the Harvard Club in New York.