Business »  Topic »  Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode

Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode


The Fed's total balance sheet size exploded by more than half a trillion dollars in a single week, roughly twice the pace of the next-largest weekly expansion in the financial crisis in October 2008. As of Wednesday, the Fed's stash of assets totalled $5.3 trillion, according to data released on Thursday.

The US Federal Reserve's balance sheet soared past $5 trillion (4.1 trillion pounds) in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the ...


Read the full text moneycontrol