Where Data Tells the Story
© Voronoi 2025. All rights reserved.
After expanding by more than 80% year-over-year between May 2020 and February 2021, the Federal Reserve’s balance sheet growth began to ease, turning negative in November 2022. Since then, the pace of contraction has moderated, slowing from a 14.0% year-over-year decline in March 2024 to 6.7% in September 2025.