Lyn Alden's February 8 note: Fed seen opting for gradual balance-sheet growth

In a February 8 newsletter, Lyn Alden said the Federal Reserve is likely to expand liquidity in a measured way by growing its balance sheet broadly in line with bank assets or nominal GDP. She expects this backdrop to favor scarce, high-quality assets while cautioning against overheated segments, and she does not foresee large-scale stimulus in the near term.