2018-03-03 — wolfstreet.com
On its January 31 balance sheet, the Fed had $2,436 billion of Treasuries; on today's balance sheet, $2,424 billion: a $12 billion drop for February. On target! In total, since the beginning of the QE Unwind, the balance of Treasuries has dropped by $42 billion, to hit the lowest level since August 6, 2014
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This Fed isn't going to try to bail out every whiner on Wall Street. It has been clear about that. It won't take Wall-Street whining seriously until credit starts freezing up -- and the credit markets are far away from that.
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