That cash then gets invested and lent and moved through the system and you increase the money supply. So they increase the money supply and increase their balance sheet. Then they tried to pull it down. In 19 … The Fed's balance sheet increased to $9 trillion during COVID. … to stem inflation, started quantitative tightening, which is the reverse. They started selling their Treasuries and mortgage backs into the market, pulling cash out. (05:27–05:31)
CLAIM
Asserts that the Federal Reserve's balance sheet expanded to $9 trillion during the COVID-19 pandemic.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
