How long before more Fed “panic liquidity support” needs to be pumped into banks who made wrong-way bets on bonds & CRE?

Fed’s Balance Sheet Drops $667 Billion from Peak to $8.3 Trillion, Below Aug 2021, as QT Continues and Bank Panic Support Unwinds.
The Fed has now shed 20.5% of Treasury securities it had bought during pandemic QEt.co/mPCK2pkADD pic.twitter.com/zN0GQQuqAF

— Wolf Richter (@wolfofwolfst) July 7, 2023

h/t Simian_Stacker