The Fed’s Balance Sheet Reduction (QT) Update <span class="badge-status" style="background:red">Premium</span> 

The Fed’s Balance Sheet Reduction (QT) Update Premium 

The Fed modestly decreased its Treasury and mortgage-backed holdings during the week-ended Wednesday March 15th. Thus, the Fed simultaneously ran QT with QE running in the background in the form of the Bank Term Funding Program (BTFP). You may read about the BTFP’s first week in operation by clicking HERE.