This is the Federal Reserve's balance sheet: http://www.econdataus.com/fedbal.html http://www.econdataus.com/fedbal.html This is the effective federal funds r

This is the Federal Reserve's balance sheet: http://www.econdataus.com/fedbal.html http://www.econdataus.com/fedbal.html This is the effective federal funds rate: https://www.frbatlanta.org/-/media/images/education/publications/extra-credit/2013/spring/primer-on-nontraditional-monetary-policy-tools-maturity-extension-program/02.jpg https://www.frbatlanta.org/-/media/images/education/publicat... Do those charts really look "conservative" to you?