Why is the Federal Reserve’s Balance Sheet Still Going Up?

No, the Federal Reserve is not still engaged in quantitative easing (QE). But in case you don’t believe me, allow me to explain why the Federal Reserve’s balance sheet is still going up (at the moment).

The New York Fed is the one that has been buying all the Treasury bonds and mortgage-backed securities (MBS). If you look on their website, you will see that they…

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