- Nov 26, 2011
- 123,664
- 57,823
- 2,290
$5,000,000,000,000.
That's a very big number. Bigger than Obama. Nobody's ever done that before. Some people say this is the biggest re-election campaign slush fund in the history of our country!
On the way to $10 trillion
If things proceed as forecast, the Fed is just getting started.
“Unlimited QE & emergency liquidity programs should see the Fed balance sheet double in size over 2020,” Mark Cabana, rates strategist at Bank of America Global Research, said in a note.
The Fed had originally indicated it was going to add $700 billion to its bond portfolio — $500 billion in Treasurys and $200 billion in mortgage-backed securities. However, it switched earlier this week to an open-ended program in response to tumult in financial markets.
Wall Street now anticipates the balance sheet could hit $10 trillion this year as the Fed affirms its whatever--it-takes commitment to softening the coronavirus blow.
$5,000,000,000,000.
Don't worry, folks. That's only a little over $15,000 for every man, woman, transsexual, and child in America.
"We can handle it!"
That's a very big number. Bigger than Obama. Nobody's ever done that before. Some people say this is the biggest re-election campaign slush fund in the history of our country!
Coronavirus stimulus just pushed Fed's balance sheet past $5 trillion for the first time ever
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.
www.cnbc.com
On the way to $10 trillion
If things proceed as forecast, the Fed is just getting started.
“Unlimited QE & emergency liquidity programs should see the Fed balance sheet double in size over 2020,” Mark Cabana, rates strategist at Bank of America Global Research, said in a note.
The Fed had originally indicated it was going to add $700 billion to its bond portfolio — $500 billion in Treasurys and $200 billion in mortgage-backed securities. However, it switched earlier this week to an open-ended program in response to tumult in financial markets.
Wall Street now anticipates the balance sheet could hit $10 trillion this year as the Fed affirms its whatever--it-takes commitment to softening the coronavirus blow.
$5,000,000,000,000.
Don't worry, folks. That's only a little over $15,000 for every man, woman, transsexual, and child in America.
"We can handle it!"