One of the issues I have with the article, and many simple financial articles is the assertion that the Fed "stopped" purchasing bonds in late 2014. The Truth

One of the issues I have with the article, and many simple financial articles is the assertion that the Fed "stopped" purchasing bonds in late 2014. The Truth is the Fed Continues to purchase Treasury Bills and Mortgage Backed Securities for all that reach maturity. More than half of the purchases during QE mature within 5 years, as it stands now rather than allowing the Bonds to Mature and Come off the balance sheet the Fed simply repurchases them, what they aren't doing is increasing the amount of purchases as they were during QE. This is why the amount of Treasuries and MBS owned by the Fed has remained constant more than a year after QE ended. $2.4 Trillion in Treasuries https://research.stlouisfed.org/fred2/series/TREAST https://research.stlouisfed.org/fred2/series/TREAST and $1.75 Trillion in Mortgage Backed Securities https://research.stlouisfed.org/fred2/series/MBST https://research.stlouisfed.org/fred2/series/MBST