First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/01/29/fed-balance-sheet-reveals-it-was-a-half-hearted-inflation-fight-002958
<p><img src='https://www.moneymetals.com/uploads/content/not-so-strong-min.jpeg'/></p>The trajectory of the Fed balance sheet reveals the ugly truth. The central bank can’t whip price inflation. And it’s not really trying.