Birdwatch Note Rating
2023-03-20 17:55:17 UTC - HELPFUL
Rated by Participant: 28ECA11B921A8AD93775EAC0554A78CB37C71872A23CFFD512734929D9AFAFDF
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.
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