The US Federal Reserve’s balance sheet reached record heights last week, with a continuation of asset purchases intended to reduce market stress caused by the coronavirus, recent data shows.
The central bank’s total assets expanded to just shy of $6.4 trillion as of April 15, up $285 billion from the week before. This marks a roughly 50% increase since the start of March.
The rise was largely driven by purchases of Treasuries and mortgage-backed securities, worth an aggregate $262 billion. Of
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.