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The Fed’s Assets before and after the Great Recession July 02, 2015 How different does the Fed’s balance sheet look now compared with before the Great Recession? In this video from a recent Dialogue with the Fed, Vice President and Economist Stephen Williamson of the St. Louis Fed discussed the types of assets the Fed held both before and after the Great Recession and showed how much of each asset the Fed now holds. Additional Resources • Dialogue with the Fed: Monetary Policy Normalization: What’s New? What’s Old? How Does It Matter? • Review: Monetary Policy Normalization in the United States • On the Economy: What Matters More for Business Cycles: Global or Regional Factors?