Sloth-like Fed Shrinks Balance Sheet By 0.14% Or $6 Billion (Will Take 700 Weeks or 13.46 Years To Unwind)

by Anthony B Sanders
The good news? The Fed continued to unwind its $4.4 TRILLION balance sheet.
The bad news? The Fed is shrinking it at sloth-like speed.
As an example, the latest SOMA report from the Fed on New York saw a $6 billion decline in the Fed balance sheet. That is only 0.14% per week. At this rate, it will take over 700 weeks (or 13.46 years) to unwind.
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This week, Treasury notes and Treasury bonds were the primary driver of the decline. Agency MBS? Not so much.
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Here is a video of Fed Chair Janet Yellen shrinking The Fed’s balance sheet.
Yellen’s last presentation.
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