2  BIS central bankers’ speeches  Assessing current financial imbalances In light of this experience, the Federal Reserve is carefully monitoring financial indicators for signs of potential imbalances and is assessing the extent to which leverage is currently employed by investors, particularly where some of the potentially amplifying factors I just discussed may be present.
Let me emphasise that we have very deliberately refrained from buying government bonds, so as to safeguard our independence from political influence. For the same reason, we have implemented our measures without any form of government guarantee. The implementation of the non-standard measures has led to a significant increase in the size of the Eurosystem balance sheet.