
Newsmakers
Economy Is Doing Fine, So Fed Shrinks Its Balance Sheet
Policymakers don’t want a repeat of 2019, when QT ruffled the markets.
Policymakers don’t want a repeat of 2019, when QT ruffled the markets.
Shrinking the central bank’s balance sheet has been ongoing for two years.
Touted as a bulwark against recession, it could draw down quickly—and it is concentrated at a few big companies.