The Fed ’s Liabilities: How Far Can QT Go? What’s the Lowest Possible Level of the Balance Sheet without Blowing Stuff Up?

Reserves, Domestic ON RRPs, Currency in Circulation, the TGA, and official foreign RRPs determine how far QT can go. The Fed has been talking a lot about its liabilities recently, including Powell at the FOMC press conference the other day, the FOMC members as reported in the meeting minutes, and…#tga #fomc #chriswaller #dallasfed #lorilogan #qe #qt #currency #qt1 #standingrepofacility

Source: Reuters: Health - March 23, 2024 Category: Consumer Health News Source Type: news