First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/07/30/the-fed-balance-sheet-may-be-a-side-show-but-its-worth-watching-003349
<p><img src='https://www.moneymetals.com/uploads/content/The-Fed-Balance-Sheet-May-Be-a-Side-Show-But-It-s-Worth-Watching.jpeg'/></p>Did you know the Fed has already loosened monetary policy? It started tapering balance sheet reduction in June. That&#039;s far more significant than any rate cut.