Word: sells
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Dates: during 2010-2019
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...balance sheet, etc. The Fed's expanded balance sheet is not something that I consider to be a problem, but I think the market does - and so the Fed will probably be working in the direction of pulling some of the liquidity out of the marketplace. They won't sell - it's a near impossibility to unload what they've purchased over past 12 months. But they'll at least stop buying. (See the worst business deals...