Does quantitative easing shrink or increase the debt?

When the Fed does Quantitative Easing, it goes into the market and purchases Treasury securities from banks. It pays for them using an electronic form of US currency, called “central bank reserves,” or “bank reserves, “ or “reserves.” read more

The premise of the question is mistaken: federal debt has does not grow, and has not grown “as a consequence of quantitative easing.” Rather, U.S. government debt has grown because the federal government spends more than it collects in tax revenues, and finances the resulting deficits by selling bonds. read more