The Fed has quietly added ~$290 billion in Treasury bills to its balance sheet since December.
That's the fastest T-bill accumulation since the COVID panic buying of 2020.
https://blossom.primal.net/...
If you read Barron's today, you will learn that Warsh is going to shrink the Fed balance sheet, drive up interests rates, and force politicians to stop spending.
(Yeah, right! 🤣)
(Yeah, right! 🤣)
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