Bill Dudley, Columnist
The total bill could exceed $500 billion. A proper evaluation should make the next one less expensive.
See Also
How Quantitative Easing (QE) Affects the Stock MarketECB Balance Sheet QT: Down €2.0 Trillion from Peak, to €6.83 Trillion. The ECB Shed 48% of its Pandemic QE AssetsHow Do Quantitative Easing and Tightening Affect the Federal Budget?How Does the Fed Reduce Its Balance Sheet?By
Bill Dudley, a Bloomberg Opinion columnist, served as president of the Federal Reserve Bank of New York from 2009 to 2018. He is the chair of the Bretton Woods Committee, and has been a nonexecutive director at Swiss bank UBS since 2019.
America’s experiment with quantitative easing is almost over. This week, the Federal Reserve will likely announce plans to slow the shrinkage of its balance sheet, foreboding the end of a long period in which it sought to stimulate the economy by holding large quantities of Treasury and mortgage securities.
So did it work? Yes, but at excessive cost.
