CSPAN3 May 10, 2012
and i think that's good. >> well, could current fed action and even dr. galbraith's opinion, could the current fed balance sheet, the mechanics there, could it also be leading to a bond bubble right now? if we start to move towards more normalized interest rates, have we created so much paper that ma may move rates when we start to move? >> i don't think is has to. i think the fed can get its balance sheet down quickly. it's always much easier for the fed to be less accommodative than more. and i'm not -- i'm not worried about this astonishing balance sheet. it's very big, but right ...
Source: archive.org