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Fed Balance Sheet Balloons to Over $7 Trillion

Author: Corey McDowell - Economics Editor

Published: 12 Jun 2020

Last Updated: 15 Jun 2020

Contents

Synopsis

The chairman of the United States Federal Reserve, Jerome Powell, has warned that the US faces a ‘long road’ to economic recovery, stating it will offer support for ‘as long as it takes’. He indicated that the Fed Funds Rate (interest rate) would likely stay close to zero for the next two years, or until the American economy is back on track.

US dollars

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