Friday, December 4, 2020

Tag: The Fed’s QE Unwind Reaches $285 Billion

The Fed’s QE Unwind Reaches $285 Billion


by Wolf Richter, Wolf Street:

The “up to” begins to matter for the first time.

The Fed released its weekly balance sheet Thursday afternoon. Over the four-week period from September 6 through October 3, total assets on the Fed’s balance sheet dropped by $34 billion. This brought the decline since October 2017, when the QE unwind began, to $285 billion. At $4,175 billion, total assets are now at the lowest level since March 5, 2014: