Fed balance sheet tops $5 trln for first time as it enters coronavirus war mode
The U.S. Federal Reserve’s balance
sheet rocketed past $5 trillion in assets for the first time
this week as it scooped up bonds and extended loans to banks,
mutual funds and other central banks in its unprecedented effort
to backstop the economy in the face of the global coronavirus
pandemic.
sheet rocketed past $5 trillion in assets for the first time
this week as it scooped up bonds and extended loans to banks,
mutual funds and other central banks in its unprecedented effort
to backstop the economy in the face of the global coronavirus
pandemic.
Posted by Reuters
