HomeExplainer-The Fed’s ‘QT’ plan: Then and nowFILE PHOTO: U.S. Senate Banking Committee holds hearing on the

FILE PHOTO: U.S. Senate Banking Committee holds hearing on the

FILE PHOTO: U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the Fed's "Semiannual Monetary Policy Report to the Congress," on Capitol Hill in Washington, U.S., March 3, 2022. REUTERS/Jonathan Ernst/Pool