Birdwatch Archive

Birdwatch Note Rating

2023-03-17 17:57:35 UTC - NOT_HELPFUL

Rated by Participant: 6A058A110D01C0D38BA66356095A566F454D8BB9851E7A36E0CAC53D287134DE
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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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