UPDATE 1-Fed balance sheet tops $5 trln for first time as it enters coronavirus war mode
The U.S. Federal Reserve’s balance
sheet soared 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 soared 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
