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QE and Its Long Unwind: The Fed's Balance Sheet

Fed assets scaled to GDP makes QE eras comparable: 6% pre-2008, 36% pandemic peak, ~21% now.

QE and Its Long Unwind: The Fed's Balance Sheet
Source: Federal Reserve (FRED) · WALCL, GDPData through January 2026 · Updated Jul 14, 2026

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Chixan (2026). QE and Its Long Unwind: The Fed's Balance Sheet. Federal Reserve (FRED). https://chixan.com/charts/rates/us_fed_balance_sheet/

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