Fed’s balance sheet increases by 50% since March

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

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