Data: Federal Reserve; Chart: Axios Visuals
The year was 2013. The great concern among the Federal Reserve's leaders was that, with the world awash in dollars they had created, they wouldn't be able to raise rates even when they felt they needed to.
Zoom out: Their solution was a tool that has now swelled to massive size — $2.3 trillion as of Wednesday — and is making banks angry, as they see it as a major factor in their loss of deposits.
