Birdwatch Archive

Birdwatch Note Rating

2023-03-18 00:01:14 UTC - NOT_HELPFUL

Rated by Participant: 6E0AD26910C4D2F88BF7EE613CEF7E77A93E09FC33B330A017BE413F3CAB8F5D
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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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