In response to the financial crisis of 2008 and the pandemic in 2020, the Federal Reserve took  extraordinary steps to stabilize financial markets. For example, the Federal Reserve provided trillions  of dollars of liquidity to dealers, helped facilitate multiple mergers, purchased corporate bonds and minimize the risk of deflation through quantitative easing. However even with all the assistance, the  U.S. economy has experienced slow growth over the last decade. Some have argued that the Federal  Reserve has been unsuccessful in trying to spur significant economic growth (greater than 3%), and  therefore should normalize/shrink its balance sheet (minimize the purchase of Treasuries and  mortgage backed securities).

On the other hand, others have argued that there is no rush to shrink the Fed's balance sheet because the Bank's actions have not significantly increased inflation risk and the  absence of Fed accommodation could have a negative effect on the economy.

Explicitly state which camp you are in and provide an argument for the position?