Econbrowser: Balance sheet of the Federal Reserve
I was astonished when I heard that the Fed is contemplating increasing the Term Auction Facility to $900 billion. I wanted to take another look at the ever-changing balance sheet of the Fed to see how logistically Bernanke might be able to perform such a feat. The one power that the Fed unquestionably possesses is the ability to create money. It traditionally did so by buying Treasury securities
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