Birdwatch Note Rating
2023-03-17 17:36:54 UTC - HELPFUL
Rated by Participant: 2071CE42C8700A5417061D7E484CE86F93CD674EC06814206DA46480BEEE11C6
Participant Details
Original Note:
The Federal Reserve is poised to inject $2 Trillion into the money supply to backstop the banking system. https://www.bloomberg.com/news/articles/2023-03-16/jpmorgan-says-fed-s-loans-will-provide-2-trillion-of-liquidity The Federal Reserve has already added ~$300 Billion to its balance sheet. https://fred.stlouisfed.org/series/WALCL These measures dilute the money supply, reducing the purchasing power of USD—a cost.
All Note Details