In MAR 2010, Ben Bernanke said the Fed would get its balance sheet back under $1-trillion. Jim Bullard said the Fed’s post-08 policies were temporary. Janet Yellen said the Fed reducing its balance sheet would be like watching pain dry. This will prove no different.

In MAR 2010, Ben Bernanke said the Fed would get its balance sheet back under $1-trillion. Jim Bullard said the Fed's post-08 policies were temporary. Janet Yellen said the Fed reducing its balance sheet would be like watching pain dry. This will prove no different. pic.twitter.com/jGuxa9oEcT

— Peter Schmidt (The 92ers) (@The92ers) May 18, 2020