Federal Reserve’s Balance Sheet Tops $3 Billion
Posted on 01/27/2013
For the first time in history, the Federal Reserve has grown its balance sheet passing US$ 3 trillion. To bring this into perspective, the Federal Reserve’s balance sheet on September 10, 2008 was US$ 924 billion. The bond buying program (quantitative easing) is designed to add tinder to the economic recovery by undertaking open-ended purchases […]
