Is Today the Day the Fed Ends Quantitative Easing?

The transcript discusses the current state of monetary policy, focusing on rate hikes and quantitative easing (QE). It highlights the debate over when rate hikes will begin and the implications of removing certain language from Federal Reserve statements. James Bullard's views on extending QE are explored, along with the role of inflation and oil prices in economic decision-making. The Federal Reserve's balance sheet strategy and its impact on asset prices are examined. Finally, the global economic implications of US policies and the dual mandate of the Federal Reserve are discussed.

Discuss the implications of maintaining a large balance sheet for the Federal Reserve.

What is the Federal Reserve's dual mandate and how does it affect their policy decisions?

What are the potential risks associated with targeting asset prices in monetary policy?