The forecasting firm LH Meyer says the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. Fed Inflation Recession
At the end of June, the gold bug and economist Peter Schiffthe U.S. central bank for continuing the QE process. “The Fed’s balance sheet just expanded for the third week in a row in June,” Schiff said. “The rise of $1.9 billion increased the size of the Fed’s balance sheet to $8.934 trillion. I wonder when the Fed will stop creating inflation by ending QE and actually start fighting it by beginning QT.”, said the Fed “has already stopped the shrinking of the balance sheet.
Total assets grew by $4bn the past week to $8.896tn. Fed balance sheet now equal to 36.5% of [the] U.S.’s GDP vs ECB’s 81.9% and BoJ’s 135%. The Twitter account called Occupy the Fed Movement spoke about the Fed continuing QE the day before Zschaepitz’s tweet. “FED BS Update: FED increases balance sheet by $4BN the same week that CPI prints 9.1%,” Occupy the Fed. “USTs up $1.1BN and MBS flat despite supposed QT plans. FED is clearly serious about fighting inflation,” the Twitter account sarcastically added.
For years now the Federal Reserve has been accused of bailing out the mega banks and creating unnatural booms and busts in the American and global economies. Since 2020, the Fed’s balance sheet is significantly larger than any time in history, and the monetary supply growth since that year is pretty hard to fathom.
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