Sunday
Jun132021
Federal Reserve Balance Sheet Tops $8T for First Time
Sunday, June 13, 2021 at 05:44PM The Federal Reserve’s balance sheet has exceeded $8 trillion for the first time, following extensive measures the U.S. central bank took last year to contain the economic damage from the coronavirus.
The Fed’s balance sheet has nearly doubled since March 2020, when the pandemic erupted in the U.S, based on weekly statistics released Thursday by the U.S. central bank.
Read more: Money Reimagined: How the Fed Could Fail
The central bank announced last week it would start selling the corporate bonds and exchange-traded bonds it bought during the pandemic through an emergency-lending vehicle.
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