AI Data Insight
In early July 2026, the Federal Reserve's total liabilities fell slightly to 6.67 trillion USD, a marginal drop from the previous 6.68 trillion USD, maintaining a stable range for several consecutive months. Market consensus indicates that aggressive quantitative tightening (QT) has effectively ended, with current operations focused primarily on maintaining ample reserves; however, the hawkish stance of incoming Chair Kevin Warsh has raised expectations for a future resumption of balance sheet reduction.