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Treasury Balance Sheet

Hi Cullen,

Really enjoyed your last TIP331 Inflation podcast.

For Inflation (and "money printing"), you recommend looking at the Treasury Balance Sheet and NOT the Federal Reserve Balance Sheet, is that correct?

If that is correct, is this the FRED Treasury Bal Sht chart to look at?

https://fred.stlouisfed.org/series/WTREGEN

 

 

 

 

Hi @hugo.

Thanks for listening! Glad you enjoyed it.

Reserve balances in the TGA are just the settlement balances that the Fed transfers to the Tsy's account for processing their payments. It doesn't necessarily show exactly what govt spending looks like.

FRED does show current federal expenditures here:

https://fred.stlouisfed.org/series/FGEXPND

Hope that helps.

Cullen

 

"Pragmatic Capitalism is the best website on the Internet. Just trust me. Please?" - Cullen Roche