well, not too much. The balance sheet is still within 97.5% of its all time high. I would like to see a good model of Fed Funds X and Balance Sheet Y = Z amount of stimulus.
Yeah, I'll believe the "tightening" when I see it. Balance sheet still astronomically high. Banks are not being forced to hold dollars. Current Govt Admin spending like drunken sailors. The only difference is we have higher interest rates which is straining regular people. It's a race to see if inflation actually comes down or economy goes to shit. Or both together all at once?