Fed’s QT Kicks Off: Total Assets Drop by $74 Billion ... - Wolf Street
Jul 08, 2022 · QE creates money. QT does the opposite: it destroys money. By Wolf Richter for WOLF STREET. Total assets on the Fed’s weekly balance sheet as of July 6, released this afternoon, fell by $22 billion from the prior week, and by $74 billion from the peak in April, to $8.89 trillion, the lowest since February 9, as the Fed’s quantitative tightening (QT) has kicked off.
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