Fed’s Balance Sheet Reached $5Trillion For First Time

The Feds balance sheet has topped $5 trillion this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks. This is an attempt to sure up the U.S. economy against the financial fall out of the Coronavirus.

This week the Fed Chairman said they were ready to lend “aggressively” to stop the pandemic’s damage to the economy.

Read More: US News