U.S. lawmakers nudging Fed over ballooning balance sheet

12/17/2013 | Bloomberg

The U.S. Federal Reserve's balance sheet has risen from $2.82 trillion before its latest round of bond buying to $3.99 trillion today, sparking scrutiny in Congress and growing concern over possible asset bubbles. Fears are growing that lawmakers may step in. "It's not a welcome development that a lot more time and focus is spent on answering questions" from Congress, said Laura Rosner, a U.S. economist at BNP Paribas in New York.

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