So by my math the Fed now holds $2.240 trillion in US Treasuries and $1.637T in MBS, making it the largest bond fund in the US.

The total is $3.877 trillion. At the peak, the Fed had $2.465T of Treasuries & $1.782T of MBS.

These are numbers so large you cannot comprehend them.
When you create currency out of thin air to finance public debt, that used to be called "monetization," a word you don& #39;t hear much in the US, but many banana-republics know it well. Some have said "Oh no, it& #39;s not monetization. That& #39;d be illegal," as if that ever stopped them.
So what happened today is the Fed confirmed that they have monetized the debt.
If I neglect to read anything from @epsilontheory it& #39;s only because I forgot. https://www.epsilontheory.com/we-are-all-epsilon-theorists-now/">https://www.epsilontheory.com/we-are-al...
"There will therefore be plenty of attention to the Fed’s revised economic forecasts."

Why? They& #39;re always wrong.

http://archive.is/XiTtu ">https://archive.is/XiTtu&quo...
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