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- Fed’s Balance Sheet Drops $667 Billion From Peak to $8.3 Trillion, Below Aug 2021, as QT Continues, Bank Panic Support Unwinds
Fed’s Balance Sheet Drops $667 Billion From Peak to $8.3 Trillion, Below Aug 2021, as QT Continues, Bank Panic Support Unwinds
by Wolf Richter Wolf Street
The Fed has now shed 20.5% of the Treasury securities it had bought during pandemic QE.
The Fed’s total assets dropped by $87 billion in June, and by $667 billion since the historic peak in April 2022, according to the Fed’s weekly balance sheet today.
In the 15 weeks since the height of the bank panic in March, the Fed has shed $435 billion in assets, the fastest-ever 15-week drop, as Quantitative Tightening (QT) continued on track and bank liquidity support measures continued to unwind.