Federal Reserve’s Balance Sheet Exceeds $8 trillion For First Time - Official.
2021-06-11 | Eddy Morgan
![Federal Reserve’s Balance Sheet Exceeds $8 trillion For First Time - Official.]()
The Federal Reserve’s
balance sheet exceeds $8 trillion for
the primary time, following extensive measures the United States central bank took last year to contain the economic damage from the ongoing Covid-19 outbreak.
The Fed’s
record has nearly doubled since March last year, when the pandemic erupted
within the United States,
supported weekly statistics
published earlier on Thursday by the U.S. central bank.
Within an official announcement, the central bank revealed last week that
it might start selling the company bonds and exchange-traded bonds it purchased within the pandemic via an emergency-lending vehicle.
But the Fed’s monetary policy committee has
pledged to keep purchasing the United States Treasury bonds and mortgage bonds at a pace of around $120 Bln a month “until substantial further progress has been made toward the committee’s maximum employment and price stability goals.”
Cryptocurrency investors
are monitoring if and when the Fed will start tapering its easy money policy.
A popular narrative
within the crypto market is
to look at bitcoin as a hedge against inflation, especially
within the face of the trillions of dollars of monetary stimulus pumped into financial markets over the past year.
Prior to the financial crisis of 2008, the
central bank balance sheet stood below $1 trillion.
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