Connect with us

Economy/Markets

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



The U.S. Federal Reserve’s balance sheet rocketed past $5 trillion 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 economy in the face of the global coronavirus pandemic.





Source link

قالب وردپرس

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Providence
48°
Clear
06:1619:18 EDT
Feels like: 46°F
Wind: 6mph WNW
Humidity: 32%
Pressure: 29.92"Hg
UV index: 0
MonTueWed
min 44°F
64/44°F
49/38°F
Advertisement

Top News cnn