Federal Reserve balance sheet rises to $6.7 trillion as new Chair Kevin Warsh launches review

The Federal Reserve reported a total balance‑sheet size of $6.725 trillion for the week ending 17 June 2026, a modest increase of $13.9 billion from the prior week and $48 billion higher year‑over‑year. The rise occurred on the same day former Governor Kevin Warsh chaired his first Federal Open Market Committee (FOMC) meeting.

Alongside keeping the federal‑funds target range at 3.5 %‑3.75 %, the FOMC announced the formation of task forces to examine the composition and size of the $6.7 trillion balance sheet. Warsh, known for his skepticism of post‑2008 balance‑sheet expansions, signaled that the Fed will treat the balance‑sheet level as an active policy question. The board’s assets peaked near $9 trillion in 2022 and remain roughly three times larger than pre‑2008 levels.

Analysts note that the weekly increase is insufficient to alter overall liquidity conditions, but any future recommendation to accelerate runoff could tighten financial markets, affecting equities, bonds and crypto, where Bitcoin was trading below $65,000 at the time.