Course Overview

Learn from someone who had full access to the Fed's balance sheet and studied it for years

  • Detailed overview of the assets holdings of the Fed and what drives them

  • Detailed overview of the liabilities owed by the Fed and how they behave

  • Walk through case studies showing how QE, FX Swaps, TGA/RRP and QT impact the Fed's balance sheet

  • 90 minute course with access to instructor for additional questions and support

Student Reviews

5 star rating

fed balance sheet

annabelle peng

a lot of knowledge, very deep, I need to revisit this course, try to understand.

a lot of knowledge, very deep, I need to revisit this course, try to understand.

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5 star rating

cool course

Sergei Trofimov

it made finally the mechanics of the dynamics of the Fed BS change clear!

it made finally the mechanics of the dynamics of the Fed BS change clear!

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5 star rating

Accurate Title!

Thomas Gerity

Excellent course material and explanations. I learned a Great Amount!! The T accounts were very helpful! I am an accountant and think with a private/commerc...

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Excellent course material and explanations. I learned a Great Amount!! The T accounts were very helpful! I am an accountant and think with a private/commercial debit and credit. The banking is opposite that, therefore confusion on my part. May I retake the course? If so, will it cost an additional $100.00?

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Instructor

Principal Joseph Wang

Joseph is the CIO of Monetary Macro LLC, author of Central Banking 101, and operator of Fedguy.com. Earlier in his career he was a senior trader on the Federal Reserve's Open Markets Desk, a credit analyst at S&P Ratings, and an attorney in New York. Through his career he has had the opportunity to study the financial system from the outside as a market participant, but also from its very center on the Desk. His work aims shed light on what often appears to be an opaque system, and to bridge the gap between academia and practice when it comes to financial markets.


Joseph holds a B.A. in Economics from Northwestern University, a J.D. from Columbia Law School, and an MSc. in Financial Economics from Oxford University.