$8 trillion – The Number of Digital Dollars the Fed Unleashed Across the globe

An important milestone has recently been passed. To be exact, the latest Fed balance sheet update on June 17, 2021, shows the figure at $8.064 trillion. $8 trillion represents the number of digital dollars the Fed effectively unleashed across the globe. The majority of this money went to debt; but the story doesn’t end there. Assets were under 1 trillion dollars at the start of the last recession, with the following decade seeing just a minor “tapering” or shrinking of the balance sheet just prior to this new recession. For more details, beyond the headline number, the Fed provides notes…