AnalysisEconomy / Finance

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

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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…

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Fri. AM TNT News Articles 6-25-21

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