Episode 92 Is the Federal Reserve Tightening or Loosening (and does it even know)?

Summary:June was supposed to be the month the Federal Reserve began reducing its balance sheet by allowing its assets to roll off faster than they are replaced. But the Fed’ balance sheet stands at a record high, as does currency in circulation as excess reserves continue to decrease.At the same time, money parked at its reverse repo facility has increased significantly in June, which has a tightening effect. So, is the Fed tightening or loosening and does it even know?Additional ReadingFederal Reserve Balance Sheet as of June 30, 2022Federal Reserve Recent Balance Sheet TrendsCurrency in CirculationOvernight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market OperationsFree Gift from Tom:Download a free copy of Tom's new e-book, It’s the Fed, Stupid, at itsthefedstupid.com. It’s also available in paperback here.It’s priced at a pre-hyperinflation level so grab a few copies for friends if you can.It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.Get even more great content by becoming a Tom Mullen Talks Freedom Supporter at https://www.patreon.com/tommullentalksfreedom Like the music on Tom Mullen Talks Freedom? You can hear more at tommullensings.com!