# What the Fed Says vs. What the Balance Sheet Does

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Text version: https://stenobird.com/podcast/conspiracy-theories-exploring-the-unseen-4853551/what-the-fed-says-vs-what-the-balance-sheet-does.md
Podcast: [Conspiracy Theories Exploring The Unseen](https://stenobird.com/podcast/conspiracy-theories-exploring-the-unseen-4853551)
Published: 2026-06-02T11:55:02+00:00
Episode link: https://www.spreaker.com/episode/what-the-fed-says-vs-what-the-balance-sheet-does--72197794
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/72197794/what_the_fed_says_vs_what_the_balance_sheet_does_part_2_1.mp3
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Duration seconds: 180

## Resource

Let’s talk about the Federal Reserve’s balance sheet and how it interacts with its public statements. As of mid-May 2026, the Fed's balance sheet stood at a whopping $6.729 trillion. Now, that number alone can sound a bit overwhelming, so let’s break it down. This enormous total includes about $4.45 trillion in U.S. Treasury securities, nearly $2 trillion in mortgage-backed securities, and another $297 billion in various other securities. What’s interesting is how the balance sheet has changed recently. In the past year, the Fed has increased its Treasury holdings by $234 billion, while at the same time, mortgage-backed securities have dropped by $192 billion. This shift indicates a gradual normalization process through asset runoff. But what does this mean in terms of the Fed’s policy stance? Become a supporter of this podcast: https://www.spreaker.com/podcast/conspiracy-theories-exploring-the-unseen--5194379/support .

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