As each new round of quantitative easing (QE) was announced, the chorus only grew louder. We’ve now had QE1, QE2 and QE3. As a result of those bond buying programs, the Fed’s balance sheet has more than quadrupled, from less than $1 trillion to more than $4 trillion.

Since it’s now been more than six years since the Fed first took action to address the financial crisis, I thought it would be worthwhile to take a look at how the many predictions of rampant inflation have played out.

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