The Federal Reserve, along with other major central banks across the globe, are engaged in ultra-loose monetary policy, using low interest rates and asset purchases (i.e. quantitative easing, or QE) to help support their economies.
However, if we start to assume that the economy is on a balanced growth path does that not imply that the Fed will start to weigh their options of winding down the addition policy accommodation that has been extended, i.e. the Quantitative Easing programme?