The Fed’s money printing can be traced to the Great Gatsby curve4 min read 22 Mar 2023, 12:08 AM IST
Inequality anxiety fostered a policy mix that shook the stability of banks that it must now stabilize
Around mid-April last year, the size of the US Federal Reserve’s balance sheet peaked at around $8.97 trillion. In the aftermath of covid, the Fed’s balance sheet size had doubled, as it printed money and pumped it into the financial system by buying bonds.
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