History of "Money Printing" (Quantitative Easing) and the Fed's Balance Sheet
The Federal Reserve continues to maintain a massive balance sheet size of approximately $6.5 - 6.6 trillion.
The Quantitative Tightening (QT) program officially ended on December 1, 2025, after reducing the balance sheet by more than $2.4 trillion from its 2022 peak. Currently, the Fed has stopped allowing securities to mature without full reinvestment, meaning the balance sheet will stabilize at its current level and could even begin to expand slightly if liquidity demand rises (due to growth in other liabilities, such as currency in circulation).
U.S. public debt continues to rise sharply, and the path to controlling inflation and debt remains very long ahead. 😮💨