Birdwatch Note Rating
2023-03-18 00:11:38 UTC - HELPFUL
Rated by Participant: ACD9FBD90D415EF9751387A8D04494B81D5C0AB605C8E77F128D98E8C2BA896D
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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