Fed's Portfolio Tops $4 Trillion for First Time
The Wall Street Journal. - The Wall Street Journal. - Fri Dec 20 03:19:46 UTC 2013
The Federal Reserve's holdings of bonds and other assets topped $4 trillion for the first time, a milestone that underscores questions about the efficacy of the central bank's easy-money programs. The Fed's portfolio—including Treasurys, mortgage-backed securities, loans, coins, buildings and other assets—totaled slightly more than $4 trillion as of Dec. 18, up from less than $900 billion before the crisis. A major propellant of this increase has ...
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