This final note today, one last taper-related item.
You’ve heard the phrase ‘the Fed’s balance sheet’ a lot since the worst of the financial crisis.
In other words, a measure of exactly how much cash the Fed’s been trying to add to the economy by buying bonds and other securities.
As of the close of business yesterday, the Fed held on its books $4.04 trillion in assets.
Back in 2008 — before the apocalypse — about $800 million.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.