The Fed is being fiscally responsible by tightening, but the trend is still inevitably in one direction.

https://video.nostr.build/9fa28db77283848ecaa45041c9ed584f41f9ded37c9c08a0195099da83ec9952.mp4

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They're not selling treasuries though, they're just letting them mature and roll off the books. Which is a very slow way to unwind the balance sheet. And they can't start selling treasuries very much before things start breaking everywhere. BRICS+ nations are already unloading US treasuries as fast as they can without making a splash in the market.