Fed’s QT Kicks Off: Total Assets Drop by $74 Billion from Peak, New Era Begins

by Wolf Richter, Wolf Street: QE creates money. QT does the opposite: it destroys money. 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 […]