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Weekly Brrrrrr report.
The Federal Reserve has now added nearly $2 trillion to its balance sheet in response to the coronavirus.
That's 9% of US GDP.
Fed balance sheet now over $6 trillion.
The Federal Reserve has now added nearly $2 trillion to its balance sheet in response to the coronavirus.
That's 9% of US GDP.
Fed balance sheet now over $6 trillion.
Worthy to note that the pace of purchases has slowed as markets have stabilized a bit. Just a $271 billion change from last week (which is still enormous).
